This arrangement makes venturing outside one's core industry possible and, under certain conditions, to benefit from tax consolidation, sharing of operating losses, and ease of divestiture. The legal definition of a holding company varies with the legal system. Some require holding of a majority (80 percent) or the entire (100 percent) voting shares of the subsidiary whereas other require as little as five percent. Use 'holding company' in a Sentence.
Participatory democracy is a process of collective decision making that combines. elements from both direct and representative democracy: Citizens have the power to. decide on policy proposals and politicians assume the role of policy implementation.
DEMOCRACY. DEFINITION, CHARACTERISTICS AND FORMS OF MODERN DEMOCRACY. The term democracy originates from the antiquity and denotes people`s power (from the Greek: demos people and kratos power).It has become the most widely spread in politics.But as a result of wide use it lost the clear content.he common features of democracy, as a modern constitutional order and regime of political system functioning, are as below: - recognition of people as the source of the state power.