Select the most appropriate one-word substitution for the given group of words.
A government which is run by wealthy people
Answer & explanation
Correct answer: option 1
The most appropriate one-word substitution for "a government which is run by wealthy people" is plutocracy.
- Plutocracy is a form of government in which power is held by the wealthy.
- Autocracy is a form of government in which power is held by a single person, typically a ruler with absolute power.
- Anarchy is a state of society without government or law.
- Oligarchy is a form of government in which power is held by a small group of people.
The word plutocracy comes from the Greek words "ploutos," meaning "wealth," and "kratos," meaning "power." Plutocratic governments are often characterized by a high degree of inequality, with the wealthy few having a disproportionate amount of power and influence.