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English definition of “democracy”


[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 from the Cambridge Business English Dictionary © Cambridge University Press)
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