Oligarchy

Noun

Definition: A small group of people having control of a country, organization, or institution.

Synonyms: Ruling group, Elite, Dominant minority

Antonyms: Democracy, Majority rule

Examples:
  • The country was ruled by an oligarchy of wealthy families.
  • The corporation operated under an oligarchy, with the board of directors making all the major decisions.
Mnemonics:
  • "Oligarchy" sounds similar to "a few rule," emphasizing the small number of people in control.

Etymology:

Origin:

The word "oligarchy" comes from the Greek words "oligos" meaning "few" and "arkhein" meaning "to rule."

Historical Usage:

The concept of oligarchy has existed throughout history, with notable examples including ancient Greece and the Italian city-states during the Renaissance. It has been a subject of debate and criticism as it often represents an imbalance of power and limited participation in decision-making.

Related Idioms:

Idiom:

"The ruling oligarchy"

Explanation:

Refers to the group of individuals who hold the power and control in a particular country or organization.

Misconceptions:

Misconception:

Oligarchy is the same as an aristocracy.

Explanation:

While both oligarchy and aristocracy involve rule by a small number of individuals, oligarchy specifically refers to the control of power by a few, regardless of their social status, whereas aristocracy implies rule by a privileged or noble class. Oligarchy can exist within an aristocracy, but it can also occur within other societal structures.

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