A more thorough explanation:

Timocracy is a type of government where the rulers are wealthy people who own a lot of property. They are motivated by the love of honor.

One example of a timocracy is ancient Sparta. The rulers of Sparta were wealthy landowners who were also warriors. They valued honor and bravery above all else.

Another example of a timocracy is the United States during the early years of its history. At that time, only property owners were allowed to vote or hold public office. This meant that the government was controlled by wealthy people who owned a lot of land.

These examples illustrate how timocracy is a government by the wealthy and how honor is an important value in such a system.