A government in which the control of ultimate power is by a few who rule for their own selfish interest is classified as
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A government in which the control of ultimate power is by a few who rule for their own selfish interest is classified as an oligarchy.
In an oligarchy, a small group of people, usually from the elite or wealthy class, hold all the power and make decisions that benefit their own interests rather than the interests of the general population. This small group of people can be from any sector of society, including political, economic, or military.
Oligarchies are characterized by the concentration of power in the hands of a few, who often use their influence to control the media, judiciary, and other institutions to maintain their hold on power. This can lead to a lack of transparency, accountability, and responsiveness to the needs and desires of the general population.
In contrast, democracies are governments in which the power is held by the people, either directly or through elected representatives. In a democracy, the interests of the general population are taken into consideration in decision-making, and there are checks and balances in place to ensure that those in power are held accountable to the people.
Overall, oligarchies are governments in which a few individuals hold all the power and make decisions that benefit their own interests, while democracies are governments in which the power is held by the people, and decisions are made to benefit the interests of the general population.