democracy
noun
uk/dɪˈmɒkrəsi/ us [ 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