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Preferred term

oligarchy  

Definition

  • Oligarchy (oligarkhía) denotes the rule of the rich few. In ancient Greece (where the name originated), oligarchy was a political regime in which the ruling power (arkhé) was held by a small group of wealthy citizens (óligoy) or a class chosen by census. [Source: Encyclopedia of Political Theory; Oligarchy]

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URI

https://concepts.sagepub.com/social-science/concept/oligarchy

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