Aristorepublicanism

/ˌærɪstoʊrɪˈpʌblɪkənɪzəm/ noun

A political ideology combining aristocratic rule by the best people with republican principles, rejecting pure monarchy.

From Greek 'aristos' (best) + 'republic' (from Latin 'res publica', the public thing). This term emerged in Enlightenment political theory to describe hybrid government systems.

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