The Greek root for chief, ruler, head, or leader is "arch". Many modern English words use this root in the same sense: monarch; patriarch; anarchist; matriarch; hierarchy; or archbishop, for example.
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Chief in the Greek language is αρχηγός
Ruler in the Greek language is Κυβερνήτης
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Arch in Monarchy means: leader, ruler, etc.
So, it would be Monarchy.
I believe it is option 2 monarchy means like a ruler
A form of government in which the king is the head of the state is called monarchy. His authority cab be fully autocratic, restricted or symbolic. The succession in monarchies is hereditary. It was the most common form of government until 20th century. The word monarchy is derive from the Greek word monarkhes. England is an example of monarchy