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English definition of “democracy”

democracy

noun uk   /dɪˈmɒk.rə.si/ us    /-ˈmɑː.krə-/
B2 [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 themselves: The government has promised to uphold the principles of democracy. The early 1990s saw the spread of democracy in Eastern Europe. B2 [C] a country in which power is held by elected representatives: Few of the Western democracies still have a royal family.
(Definition of democracy from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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