Choose the correct one-word substitute for:
'A political system based on the rule of the wealthy'.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Plutocracy.
Correct word: Plutocracy
Meaning: A system of government or society ruled or controlled by people of great wealth.
Example: Critics argued that the nation was becoming a plutocracy dominated by the rich elite.
Meaning of the other words:
- Oligarchy: Rule by a small group of people.
- Meritocracy: Rule by people selected according to merit.
- Technocracy: Rule by technical experts.
Hence, the chosen option is correct.