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Oligarchy is a form of government. In an oligarchic system, all the power is held by a small group of people. It is usually to the most powerful people to govern the state. It was firstly used by Sparta.
Rule by the best
An oligarchy where the best rule is called Aristocracy.
Rule by the rich
If the richest people rule the country, this is called Plutocracy.
- Online Text: Leonard Whibley, Greek Oligarchies: Their Character and Organisation (1896), still the only full-scale treatment of oligarchy in Classical Greece.