ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What do a republic and a direct democracy have in common?
A
rule by a single political party
B
a small group of leaders
C
rule by the people
D
a single leader
Explanation: 

Detailed explanation-1: -In a pure democracy, laws are made directly by the voting majority leaving the rights of the minority largely unprotected. In a republic, laws are made by representatives chosen the people and must comply with a constitution that specifically protects the rights of the minority from the will of the majority.

Detailed explanation-2: -In both a republic and a democracy, citizens are empowered to participate in a representational political system. They elect people to represent and protect their interests in how the government functions.

Detailed explanation-3: -In the Republic, power is in the hands of individual citizens. In a democratic system, laws are made by the majority. In the Republic system, laws are made by the elected representatives of the people. In a democracy, the will of the majority has the right to override the existing rights.

Detailed explanation-4: -In variations, people may also elect representatives. A republic is similar to a representative democracy except it has a written constitution of basic rights that protect the minority from being completely unrepresented or abused by the majority.

There is 1 question to complete.