democracy

/dɪˈmɒkrəsi/ noun

Definition

› [U] WORKPLACE, MANAGEMENT a situation, system, or organization in which everyone has equal rights and opportunities, and can help make decisions: corporate democracy shareholder democracy

› [U] POLITICS the belief that everyone in a country has the right to express their opinions, and that power should be held by people who are elected, or a system of government based on this belief: The country was celebrating its return to democracy.

› [C] POLITICS a country in which power is held by people who are elected: It is now a stable, well-governed democracy.

→ See also industrial democracy, workplace democracy

(Definition of democracy noun from the Cambridge Business English Dictionary © Cambridge University Press)