oligarchy - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “oligarchy”

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oligarchy

noun
 
 
/ˈɒlɪɡɑːki/ ( plural oligarchies) GOVERNMENT, ECONOMICS
[U] the fact of a country being ruled or controlled by a small group of powerful people: The real difference between oligarchy and democracy is wealth.
[C] a country or industry that is controlled by a small group of powerful people, or these people considered as a group: The electricity industry has moved from being a state monopoly to being a de facto oligarchy.
Translations of “oligarchy”
in Chinese (Traditional) 寡頭統治(的政府), 寡頭統治集團…
in Chinese (Simplified) 寡头统治(的政府), 寡头统治集团…
(Definition of oligarchy from the Cambridge Business English Dictionary © Cambridge University Press)
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