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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth', and κράτος (krátos) 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. [1]
Plutocracy means ‘rule by the wealthy.’. It’s when a small group consisting of the wealthiest people in a society rule by virtue of their wealth. Plutocracy is a self-reinforcing system. That is, once a group of wealthy people are in charge, they can use their wealth and political power to change the rules (laws and systems) to make sure ...
10 Feb 2021 · Plutocracy is a term describing a society governed either directly or indirectly by extremely wealthy people. A common characteristic of plutocracy is the frequent enactment of government policies that benefit the wealthy, often at the expense of the lower classes.
7 Jun 2024 · A plutocracy is a system of rule by the wealthy, directly or indirectly. Indirectly, plutocracy can take the form of regulatory frameworks and programs designed to benefit only...
PLUTOCRACY definition: 1. a system of government in which the richest people in a country rule or have power: 2. a…. Learn more.
17 Jun 2023 · Plutocracy and oligarchy refer to power structures where a small group controls everything. Whereas a plutocracy is defined as a system where a small group of wealthy people hold power, an oligarchy is defined as a system where a small group holds power, regardless of how they’ve amassed it.
The meaning of PLUTOCRACY is government by the wealthy. How to use plutocracy in a sentence. Did you know?
noun. , plural plu·toc·ra·cies. the rule or power of wealth or of the wealthy. a government or state in which the wealthy class rules. a class or group ruling, or exercising power or influence, by virtue of its wealth. plutocracy. / ˌpluːtəˈkrætɪk; pluːˈtɒkrəsɪ /.
Definition of plutocracy noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
In a plutocracy, the people are ruled by the wealthy few. A plutocracy is very different from a democracy, in which in person's vote counts equally.
