An Oligarchy Is Best Defined Asa Government Ruled By A Dictator.a Government Ruled By A Monarchy.a Government Ruled By A Small, Elite Group.a Government Led By A Large, Select Group.. An oligarchy is a form of government where power is held by a small, elite group. This group may gain power through wealth or influence rather than hereditary means.

An oligarchy is a form of government where power is held by a small, elite group. This group may gain power through wealth or influence rather than hereditary means.