A political system governed by wealthy people is known as ______?
- Oligarchy
- Plutocracy
- Aristocracy
- Pantisocracy
Explanation
- Plutocracy is a system of government in which wealthy people hold power or influence.
- The word comes from the Greek "Ploutos" (wealth) and "Kratos" (power/rule).
Additional information:
- Oligarchy – Rule by a small group of people
- Aristocracy – Rule by the noble or privileged class
- Democracy – Rule by the people
- Pantisocracy – An ideal system in which everyone shares equal governing power
Last verified on 20-07-2026
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