Choose the most suitable one-word substitution for the following.
A government ruled by the rich.
Show answer & explanation
Correct answer: B
Explanation
Plutocracy: A government or state in which the wealthy class possesses the power. The word comes from the Greek ploutos (wealth) and kratos (rule).
Democracy: A system of government where power is vested in the people, who rule either directly or through freely elected representatives.
Monarchy: A form of government in which a single person, such as a king or queen, acts as the head of state, usually inheriting the position.
Theocracy: A system of government in which priests or religious leaders rule in the name of God or a god.