Definition, Meaning & Synonyms

oligarchies

noun

/ˈɒlɪɡɑːrkiz/

Definition

A form of power structure in which power resides in the hands of a small number of people.

Examples

Many countries have experienced the rise of oligarchies, leading to concerns about democracy.
The oligarchies in certain regions often stifle competition and maintain a status quo that benefits them.

Meaning

The term generally refers to a situation where a small group of individuals have control over a country or organization, often deriving their authority from wealth, family ties, or military power.