Rule by the best and the wisest people.
Constitutional Monarchy, Socialism, and a Representitive Democracy.
You mean rich people? It's an aristocracy
aristocracy if a form of government / privaleged class holding hereditary titles.
The Assyrians conquered the 10 tribes of the northern Isrealites. They did not scatter the tribes, they sent their aristocracy of to Assyria to rule new peoples there. They imported a new aristocracy to rule the ten tribes who remained in place. By this technique, they had unsympathetic rulers who would control the people and not tolerate any uprisings. The Babylonians did the same thing later to the two southern tribes of Judah and Benjamin - sending off their aristocracy to Babylon to rule there, and importing a new aristocracy to rule the tribes.
The root "cracy" means "rule" or "government." It is commonly seen in words like democracy (rule by the people), aristocracy (rule by the elite), and meritocracy (rule by the competent).
According to Aristotle: Monarchy (Rule by One) which degraded to Tyranny (Rule by an absolute ruler) Aristocracy (Rule by the Best) which degraded to Oligarchy(Rule by the Few) Democracy (People Power) which degraded to Ochlocracy (Mob Power).
The suffix "-cracy" means rule or government by a specific group of people. It is commonly used in words like democracy (rule by the people), aristocracy (rule by the nobility), and autocracy (rule by a single individual).
Saudi Arabia is an aristocracy.
Modern depictions of aristocracy tend to regard it not as a legitimate aristocracy (rule by the best), but rather as a plutocracy (rule by the rich).
Oligarchy
Rule by the rich aristocracy.