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.
The Acropolis of Athens by Leo von Klenze. A democracy is of political system, or a system of decision-making within an institution, or organization, in which all members have the equal share to power. Systems of democracy stand in contrast to other forms of government, including monarchy and oligarchy. Democracy can be traced back from the present day to classical Athens and Greeks in the 6th century B.C.E. In a modern representative democracy, this formal equality is embodied primarily in the right to vote.