ELF is usually a benevolent dictatorship and less often a compulsory consumerist states. It is common during corporate infighting for ELF to be considered a democracy. It would be the most violent democracy ever since it would take place in the most crime ridden, polluted, armed & dangerous nation in the universe.
ELF has many different races living there from humans and elves to giants and goblins. Even dragons and demons are said to live there. Whatever they may be.