Meanings
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noun
A government run by and for only a few, often the aristocracy, the wealthy, or their friends and associates.
Despite the involvement of all classes of society, America's political duopoly and the importance of money to mass-market campaigning has established an oligarchy that is seldom responsive to the citizenry as a whole, when opposed to the wealthy or major interest groups.
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Thesaurus
Borrowed from French oligarchie, from Late Latin oligarchia, from Ancient Greek ὀλιγαρχία (oligarkhía), from ὀλίγος (olígos, “few”) + ἀρχή (arkhḗ, “rule”). By surface analysis, oligo- (“few”) + -archy (“rule, command”).