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oligarchy vs. monarchy

oligarchy

[ ol-i-gahr-kee ]
noun,
  1. a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few.
  2. a state or organization so ruled.
  3. the persons or class so ruling.

monarchy

[ mon-er-kee ]
noun,
  1. a state or nation in which the supreme power is actually or nominally lodged in a monarch.
  2. supreme power or sovereignty held by a single person.