Definition
Monocracy means government by a single person. It's similar to autocracy, where one individual holds absolute power. It's a system lacking checks and balances. Think of a solitary CEO making all decisions for a huge company. A monocracy can be efficient, but it's also prone to abuse. The leader's whims dictate policy. It contrasts sharply with democracy, where power is distributed. Monocracy may arise from necessity, like during a crisis, or from ambition.