Oligarchy
/ˈɑləˌɡɑrki/
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Definition
(noun) A government run by and for only a few, often the aristocracy, the wealthy, or their friends and associates.
Sentence Examples
The stench of censorship will spell the end of the oligarchy.
No one is actually experiencing reality thanks to the oligarchy of billionaires.
CEFR Practice Quiz
The country was effectively ruled by an ____ of wealthy families who controlled all major industries.