Final answer:
The elite theory of government suggests that society is ruled by a small number of people who exercise power for their own self-interest.
Step-by-step explanation:
The subject being discussed is the elite theory of government.
According to this theory, society is ruled by a small number of people who exercise power for their own self-interest. These individuals, known as the power elite, are typically highly educated and come from wealthy backgrounds. They use their power and influence to control the nation's economy, make decisions, and allocate resources in ways that benefit themselves.
The elite theory suggests that politicians often prioritize the needs of the wealthy elite rather than the needs of ordinary citizens. It is also contrasted with the pluralist theory of government, which argues that political power rests with competing interest groups.