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Oligarchy, derived from the noun form, refers to a government controlled by a small group of individuals, often representing specific families or factions. This form of governance allows a few influential people to make decisions impacting the entire state. A notable historical example is a country ruled by an oligarchy of landowners until 1916, where a parliament operated with limited suffrage, emphasizing the exclusion of the majority from political power. Understanding oligarchies is essential in analyzing power dynamics in various governments.
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Definition and Part of Speech • Noun • 1) Government by a few, especially by a small faction of persons or families. • 2) Those making up such a government. • 3) A state governed by a few people.
Example • Until 1916 the country was ruled by an oligarchy of landowners who operated a parliament on a restricted suffrage.