Oligarchy

Not to be confused with Oligopoly, a type of market structure which is controlled by a small number of firms.

Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') is a form of government in which power rests with a small number of people. Leaders of such regimes are often referred to as oligarchs, and generally are characterized by having titles of nobility or high amounts of wealth.

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