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English definition of “democracy”

democracy

noun     /dɪˈmɒkrəsi/
[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)
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