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.
Democracy is a system that allows the people of a country to have more control in the formation of the laws of the land as well as in the policies and conduct of the representatives whom they choose on the basis of elections. There is input from the citizens of the country in democracy. There are different forms of democracies that follow the principles of true democracies in varying degrees with direct and representative being most commonly practiced in many parts of the world. There are differences between these two systems of democracy that will be talked about in this article.