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Noun: oligarchy  'ó-lu,gaa(r)-kee
  1. A political system governed by a few people
    "one of his cardinal convictions was that Britain was not run as a democracy but as an oligarchy"; "the big cities were notoriously in the hands of the oligarchy of local businessmen"

Derived forms: oligarchies

Type of: form of government, political system

Encyclopedia: Oligarchy