democracy de‧moc‧ra‧cy [dɪˈmɒkrəsi ǁ dɪˈmɑː-] noun democracies PLURALFORM
1. [uncountable] a system of government in which members of the government are elected by the people of a country:

• They carried banners demanding democracy and a free press.

ˌsocial deˈmocracy
1. [uncountable] a political and economic system based on socialism combined with democratic principles, such as freedom and government by elected representatives:

• a nation where the values of social democracy are paramount

2. [countable] a country with a government based on social democracy:

• incomes policies in the European social democracies

2. [countable] a country that has a government which has been elected by the people of the country:

• He said we should be increasing our support for Russia's democracy.

3. [countable, uncountable] a situation or system in which everyone has the right to be involved in making decisions:

• People will continue to view our party with suspicion until we display democracy within our organization.

ˈworkplace deˌmocracy also deˌmocracy in the ˈworkplace [uncountable] HUMAN RESOURCES
a way of running a company in which all employees are involved in making important decisions about the company

* * *

democracy UK US /dɪˈmɒkrəsi/ noun
[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(Cf. ↑industrial democracy), WORKPLACE DEMOCRACY(Cf. ↑workplace democracy)

Financial and business terms. 2012.

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  • democracy — 1570s, from M.Fr. démocratie (14c.), from M.L. democratia (13c.), from Gk. demokratia popular government, from demos common people, originally district (see DEMOTIC (Cf. demotic)), + kratos rule, strength (see CRACY (Cf. cracy)). D …   Etymology dictionary

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