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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
Yet far worse, this self-electing oligarchy, largely consisting of senior owners, military types and their hangers-on, seem fatally compromised.
As you all know, General Fabyein has made plans to abolish the oligarchy and take control of Hilajinn.
The city's artisans rebelled against the ruling oligarchy of merchants and nobles.
We are turning back toward an oligarchy that this country should never have.
The war is a policy supported by and conducted in the interests of a ruling oligarchy that both major parties represent and defend.
Team Progressives is trying to take over the UNC, which will mean the parasitic oligarchy will take control.

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