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oli·gar·chy /ˈɑ:ˌgɑɚki/ noun
plural oli·gar·chies
1 [count] a : a country, business, etc., that is controlled by a small group of people
Their nation is an oligarchy.
b : the people that control a country, business, etc.
An oligarchy rules their nation.
2 [noncount] : government or control by a small group of people
The corporation is ruled by oligarchy.

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