oligarchy
noun
ol·i·gar·chy
ˈä-lə-ˌgär-kē
ˈō-
plural oligarchies
1
: government by the few
The corporation is ruled by oligarchy.
2
: a government in which a small group exercises control especially for corrupt and selfish purposes
a military oligarchy was established in the country
also
: a group exercising such control
An oligarchy ruled the nation.
3
: an organization under oligarchic control
That country is an oligarchy.
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Merriam-Webster unabridged
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