elitism vs political theory

elitism and political theory both are nouns.

Word	Noun	Adjective	Verb	Adverb
elitism	Yes	No	No	No
political theory	Yes	No	No	No

As nouns, political theory is a hypernym of elitism; that is, political theory is a word with a broader meaning than elitism:

elitism: the attitude that society should be governed by an elite group of individuals
political theory: an orientation that characterizes the thinking of a group or nation

Other hypernyms of elitism include ideology, political orientation.

elitism (noun)	political theory (noun)
the attitude that society should be governed by an elite group of individuals	an orientation that characterizes the thinking of a group or nation