On the other hand, an oligarchy form of government cannot be equated to a dictatorship form of government. Autocracy can at times be equated to the military dictatorship form of government.
It is interesting to note that the leader in the autocratic form of government has all the power including legislative and executive power. The exact status of the group that controls the government marks the whole difference between oligarchy and plutocracy. Sometimes the word ‘autocracy’ refers to the meaning of ‘one who rules by himself’. On the other hand, the word ‘autocracy’ is derived from the Greek word ‘auto’ meaning ‘self’. When the power rests in the hands of a small elite group of people or influential economic entities then it is called by the name of corporate oligarchy. This is because of the fact that the oligarchy power of government rests in the hands of only a few people as apposed to autocracy where the power rests in the hands of a single person. The word ‘oligarchy’ is derived from the Greek word ‘oligos’ meaning ‘a few’. It is interesting to note that the people who have the power to control are normally distinguished by wealth, military positions, family ties or corporate positions. Oligarchy (oligarchia, rule by the few) refers to the limitation of political power to only a small portion of the community, such as a few families or individuals (the oligarchs). Hence, plutocracy is a form of oligarchy, but plutocracy distinguishes the particular ruling minority by their great income or wealth. On the other hand, oligarchy is a form of government in which the power rests with a small group of people. The word oligarchy (l grk) is derived from the Greek words for few (, ligon) and rule (, arkho). The main difference between oligarchy and plutocracy is that oligarchy is the rule by a privileged minority whereas plutocracy is the rule by a wealthy minority. An oligarchy is a form of government in which power is vested in the hands of a small group, because of factors which favor them, like wealth, race, political connections, military capability, education, etc. A plutocracy allows, either openly or by circumstance, only the wealthy to rule. A plutocracy is a form of government run, or influenced by, the wealthiest members of society. The government definitely has a say in all the business arrangements. Plutocracy: A government controlled exclusively by the wealthy either directly or indirectly. As a matter of fact, in autocracy, economy is either a command or traditional system. The economy in the case of autocracy differs from that of oligarchy. Definitionally, there is not a lot of room between these, as many oligarchs are wealthy. It is akin to the dictatorship form of government. Answer (1 of 11): I agree with the prior answer, but think it may miss the point of the question.
The autocracy form of government is characterized by the presence of a single leader who rules the people. Oligarchy, aristocracy, plutocracy are comparable when they mean government by, or a state governed by, the few. Autocracy and Oligarchy are two forms of government that show difference between them when it comes to the methods of rule and characteristics.
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