✍ What indeed is democracy?
An economic-theoretic definition

📝 Democracy is not just about majority rule; it is about compromise. In a democracy, the focus is on how we, as stakeholders, can collectively discuss, collaborate, negotiate, and then make a decision. While majority rule plays an important role, a simple majority is not always the answer, nor is it sufficient for making a decision.

💡 Read More:
🌐 https://bit.ly/4vMleDC