What is the meaning of Democracy?

Democracy is a system of government where supreme power is vested in the people and exercised by them directly or indirectly through a system of representation, usually involving periodically held free and fair elections.

Explantation: Define clearly. Discuss core principles (rule of law, individual rights, free elections, participation). Differentiate between direct and representative democracy. Discuss strengths and challenges of democratic systems. Provide historical and contemporary examples.