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What is an oligarchy?

What is an oligarchy? Here are some definitions.

Noun
  1. A government run by only a few, often the wealthy.
  2. Those who make up an oligarchic government.
  3. A state ruled by such a government.
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Examples
The city's artisans rebelled against the ruling oligarchy of merchants and nobles.
The magnificent mobilisation of the workers which put an end to the coup of 11 April was a sharp reverse for the oligarchy and imperialism.
Your goal is to radically transform our constitutional republic into a judicial oligarchy operated by individuals with a leftist agenda.
Team Progressives is trying to take over the UNC, which will mean the parasitic oligarchy will take control.
Yet far worse, this self-electing oligarchy, largely consisting of senior owners, military types and their hangers-on, seem fatally compromised.
We are turning back toward an oligarchy that this country should never have.

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