- democracy de‧moc‧ra‧cy [dɪˈmɒkrəsi ǁ dɪˈmɑː-] noun democracies PLURALFORM1. [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 deˈmocracy1. [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 paramount2. [countable] a country with a government based on social democracy:
• incomes policies in the European social democracies2. [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 RESOURCESa 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: »
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.
Financial and business terms. 2012.