Correct Answer: Aristocracy

Solution : The correct choice is the fourth option .

Aristocracy is a term that refers to a system of government or a state where power is held by a privileged class of individuals, often based on hereditary nobility or wealth. Therefore, when the government is run by or dominated by the nobles, it is described as an aristocracy .

Here are the meanings of the other words:

• Monarchy : A form of government with a monarch (like a king, queen, emperor, or empress) at the head.
• Democracy : A system of government in which power is vested in the people, who rule either directly or freely elected representatives.
• Oligarchy : A form of government where power is held by a small group of people distinguished by royalty, wealth, family ties, education, corporate, or military control.