The Rainforest feels like one of those books. -- ForeWord Reviews Offering a challenge to traditional economic wisdom, The Rainforest is a much recommended read for those who want to better understand the intersection of economics, innovation, and business success.-- Midwest Book Review
Freebase(0.00 / 0 votes)Rate this definition: Aristocracy. Aristocracy is a form of government in which power is in the hands of a small, privileged, ruling class. The term derives from the Greek aristokratia, meaning rule of the best.
Related Terms. A system of administration distinguished by its (1) clear hierarchy of authority, (2) rigid division of labor, (3) written and inflexible rules, regulations, and procedures, and (4) impersonal relationships. Once instituted, bureaucracies are difficult to dislodge or change.