/ˈɑːləɡɑːrki/
oli·garchy
BrE /ˈɒlɪɡɑːki/
NAmE /ˈɑːləɡɑːrki/
(
plural
oli·garchies)
[U]
a form of government in which only a small group of people hold all the power
[C + sing./pl. v.]
the people who hold power in an oligarchy
[C]
a country governed by an oligarchy