In a plutocracy, there is a wide gap between the rich and the poor. Here, wealthy individuals may not always directly involve in the administration of the country, but they will influence the administration and decision-makers by legal and illegal methods such as bribing, sponsoring election campaigns, and lobbying. In an indirect form of plutocracy, a country will have a regulatory framework and programs that only benefit the wealthy. Plutocracy can refer to a government exclusively controlled by wealthy people either directly or indirectly. The word plutocra,cy itself originates from the Greek word ‘ploutokratia’ ploutos meaning wealth, and kratos meaning power or rule.

Plutocracy refers to a society that is ruled or controlled by people of great wealth or income. – Comparison of Key Differences Key TermsĪristocracy, Government, Plutocracy What is Plutocracy What is the Difference Between Plutocracy and Aristocracy What are the Similarities Between Plutocracy and AristocracyĤ. However, the difference between plutocracy and aristocracy stems depends on the group of people who has control over the government in a plutocracy, it is the wealthy that rules whereas, in an aristocracy, it is the nobility that rules.

The main difference between plutocracy and aristocracy is that plutocracy is the government by the wealthy, whereas aristocracy is the government by the nobility, the hereditary ruling class.īoth plutocracy and aristocracy are two forms of oligarchy, which refers to the rule by an elite few.

Plutocracy def