Definitions for oligarchyˈɒl ɪˌgɑr ki
Random House Webster's College Dictionary
ol•i•gar•chyˈɒl ɪˌgɑr ki(n.)(pl.)-chies.
a form of government in which power is vested in a few persons or in a dominant class or clique.
a state or organization so ruled.
the persons or class so ruling.
Origin of oligarchy:
1570–80; < ML oligarchia < Gk oligarchía. See olig -, -archy
a political system governed by a few people
"one of his cardinal convictions was that Britain was not run as a democracy but as an oligarchy"; "the big cities were notoriously in the hands of the oligarchy of local businessmen"
A government run by only a few, often the wealthy.
Those who make up an oligarchic government.
A state ruled by such a government.
Origin: From oligarchie, from oligarchia, from ὀλιγαρχία, from ὀλίγος + ἀρχή.