DEMOCRACY

[noun] [U] - the belief in freedom and equality between people, or a system of government based on this belief, in which power is either held by elected representatives or directly by the people themselvesThe government has promised to uphold the principles of democracy.The early 1990s saw the spread of democracy in Eastern Europe.A democracy is a country in which power is held by elected representatives.Few of the Western democracies still have a royal family.(figurative) This company is a democracy - all the employees are equal, and share in making decisions.