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timocracies

 

Definitions from the Web

Term: Timocracies

Definition:

Timocracies refer to a form of government in which power is given to individuals based on their wealth or property ownership.

Examples:

  • 1. In ancient Greece, some city-states operated as timocracies, where the ruling class consisted of wealthy landowners.
  • 2. The country's transition from monarchy to democracy briefly settled into a period of timocracy before a more equitable system was established.
  • 3. Critics argue that timocracies often perpetuate socio-economic inequalities and limit representation of the majority of the population in decision-making processes.

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