What does the word oligarchy mean in English?
1 : government by the few The corporation is ruled by oligarchy. 2 : a government in which a small group exercises control especially for corrupt and selfish purposes a military oligarchy was established in the country also : a group exercising such control An oligarchy ruled the nation.
Which term best describes an oligarchy?
Answer: The political term, oligarchy, comes to English from the Greek with its meaning intact — a form of government run by a small number of people such as wealthy landowners, royalty or powerful military figures. If you say that you can’t fight the oligarchy, you mean the leaders of such a place.
How did the word oligarchy originate?
The first records of the word oligarchy come from the 1570s. It comes from the Greek oligarchía and is formed from oligo-, meaning “few,” and -archy, meaning “rule” (the same ending is used in words like monarchy and anarchy). The word oligarchy does not imply a specific political doctrine or philosophy.
Who is a government by a small group of powerful people?
An oligarchy is a government ruled by a small group of powerful people. These people may spread power equally or not equally. An oligarchy is different from a true democracy because very few people are given the chance to change things.
What is a government run by the rich called?
A plutocracy (Greek: πλοῦτος, ploutos, ‘wealth’ and κράτος, kratos, ‘power’) or plutarchy is a society that is ruled or controlled by people of great wealth or income. Unlike systems such as democracy, liberalism, socialism, communism or anarchism, plutocracy is not rooted in an established political philosophy.
What is anarchy mean?
Anarchy is the state of a society being freely constituted without authorities or a governing body. It may also refer to a society or group of people that entirely rejects a set hierarchy. Anarchy is primarily advocated by individual anarchists who propose replacing government with voluntary institutions.