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A government in which a small group holds all the power is called an oligarchy.

Governments where power is concentrated in the hands of a small group of people and successors are hand picked based on their views that are close to the views of the other members of the government.
Oligarchy is the rule of the few.
power in the hands of a few people with a lot of money
The word oligarchy is defined as a small group of people having control of a country, or institution. An example would be A government that controls a state or group of people.
Rule by a wealthy elite.
The definition of oligarchy is having a small group of people who control an organization or a country. This is commonly developed from monopolies.

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