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.
A democracy is a government run by the people. Each citizen has a say (or vote) in how the government is run. This is different from a monarchy or dictatorship where one person (the king or dictator) has all the power. There are two main types of democracies: direct and representative. Direct - A direct democracy is one in which every citizen votes on all important decisions. One of the first direct democracies was in Athens, Greece. All of the citizens would gather to vote in the main square on major issues.