A government ruled by a small group of elites rather than elected representatives is termed an oligarchy. In this system, power is concentrated in the hands of a few individuals, families, or organizations who often control key political, economic, or social institutions. Oligarchies may arise from wealth, military control, or political connections, leading to governance that serves the interests of the elite over the general population. While elections may occur, they often lack genuine competition, undermining democratic principles and limiting the public's influence on decision-making.