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A democratic republic is a form of government operating on principles adopted from a republic and a democracy. As a cross between two similar systems, democratic republics may function on principles shared by both republics and democracies.
First Brazilian Republic (1894–1930) Democracy: Democracy, meaning "rule of the people", is a system of government in which the citizens exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament. Democracy is sometimes referred to as "rule of the majority".
The elasticity of demand follows the law of demand and its definition. However, there are goods and specific situations that defy the law of demand. Generally, the amount demanded of a good increases with a decrease in price of the good and vice versa. In some cases this may not be true. There are certain goods which do not follow the law of ...
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Athenian democracy – democracy in the Greek city-state of Athens developed around the fifth century BCE, making Athens one of the first known democracies in the world, comprising the city of Athens and the surrounding territory of Attica. It was a system of direct democracy, in which eligible citizens voted directly on legislation and ...
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A direct democracy, or pure democracy, is a type of democracy where the people govern directly, by voting on laws and policies. It requires wide participation of citizens in politics. [ 4 ] Athenian democracy , or classical democracy, refers to a direct democracy developed in ancient times in the Greek city-state of Athens.
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