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Define the Term Democracy and Discuss the Differences Between a Representative

question 54

Essay

Define the term democracy and discuss the differences between a representative and direct democracy.Include in your discussion the terms citizens and citizenship.


Definitions:

Required Return

The minimum return an investor expects to achieve by investing in a particular asset, considering the risk involved.

Customized Machine

A piece of equipment specifically designed and built to meet the unique requirements of a particular business or manufacturing process.

Operating

Pertains to the ongoing, day-to-day activities involved in running a business or an organization.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, used to determine how much tax will be owed on an additional dollar of income.

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