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. Basically stripping power from the other 'checks and balances' institutions and increasing the power and influence of the executive branch. Sometimes the word ‘autocracy’ refers to the meaning of ‘one who rules by himself’. Despotism vs Oligarchy vs Plutocracy Many have argued that for the last eight years the White House has been defined by its autocratic nature. 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. Moreover, the risk of a drift towards oligarchy i.e., Plutocracy is real and gives little reason for optimism about where the United States is headed. On the other hand, oligarchy is a form of government in which the power rests with a small group of people. Oligarchy is government by a few powerful people Aristocracy is government by the self-proclaimed best people who are often the descendants of Plutocrats. The government definitely has a say in all the business arrangements. As a matter of fact, in autocracy, economy is either a command or traditional system. Aristocracy Autocracy (Dictatorship) Band Society Oligarchy Ethnocracy Geniocracy Gerontocracy Kritarchy Netocracy Oligarchy (Standard) Plutocracy. The economy in the case of autocracy differs from that of oligarchy. Plutocracy is, therefore, defined as a state, society or government controlled and ruled by the wealthy or a wealthy class.
Thus, the full translation of this word is the rule or command by the wealthy. It is akin to the dictatorship form of government. The term Plutocracy derives from the Greek word ‘Ploutokratia.’ ‘Ploutos’ means wealth while ‘kratia’ means rule or power. The autocracy form of government is characterized by the presence of a single leader who rules the people. Answer (1 of 8): You have quite a few answers here but after reading them over I found none of them completely satisfying so here’s mine: Fascism is a militant nationalist movement that secures power through demagoguery(not corporatism). Autocracy and Oligarchy are two forms of government that show difference between them when it comes to the methods of rule and characteristics.