Meaning of the word oligarchy in English

What does oligarchy mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

oligarchy

US /ˈɑː.lɪ.ɡɑːr.ki/
UK /ˈɑː.lɪ.ɡɑːr.ki/
"oligarchy" picture

Noun

1.

a small group of people having control of a country, organization, or institution

Example:
The country was ruled by a powerful oligarchy.
The company's decisions were made by a small oligarchy of executives.
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