Oligarchy
Nounअल्पतंत्र
Definition
A form of government where power is concentrated in the hands of a small elite group.
Contextual Sentence: "Critics argue that corporate lobbying has led to a modern oligarchy."
💡 Memory Hook (Mnemonic): Remember 'olig' (few) + 'archy' (rule) to denote rule by few.
Synonyms
elite rule
plutocracy
aristocracy
Antonyms
democracy
populism
egalitarianism