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Noun: timocracy  tI'mó-kru-see or ti'mó-kru-see
  1. A form of government in which ambition for honour, power, and military glory motivates the rulers
    "Ancient Sparta was often described as a timocracy"
     
  2. A form of government in which civic honour or political power increases with the amount of property one owns
    "Plato discussed timocracy as a system where the wealthy hold power"

Derived forms: timocracies

Encyclopedia: Timocracy