IPA: /pluˈtɒkrəsi/
KK: /pluˈtɒkrəsi/
A system of government where the rich and wealthy people have the most power and influence over decisions.
In a plutocracy, the interests of the wealthy often take precedence over those of the general population.
Plutocracy → It is formed from "ploutos" (meaning wealth) and "kratos" (meaning power or rule). The word describes a system of government where the wealthy hold power and influence.
Think of 'wealth' ('ploutos') being connected to 'power' ('kratos') — that's why plutocracy means rule by the wealthy.