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.
1. Democracy. Born in Ancient Greece, democracy is the foundation of the United States' political system of America (though the United States system is actually a Republic). Many of America's public or government buildings are modeled on the Parthenon. The Parthenon itself is a product and embodiment of democratic ideals.