This type of government is governed by a constitution that places the power in individuals and limits the power of the government through a system of checks and balances. basic rights such as life, liberty and property are protected.

Democracy

A democracy can be defined as a government system with supreme power placed in the hands of the people. It can be traced back to as early as the fifth century B.C. In fact, the word democracy is Greek for “people power”. While most use the United States as an example of a democratic government system, the United States actually has what is called a representative democracy. The difference lies in the method of civilian participation. In a direct democracy, every citizen is given an equal say in the government. In a representative democracy, citizens elect representatives who make the law. The difference is significant when put into action. Other examples of democratic states include Aruba, Bulgaria, Canada, Costa Rica and the Dominican Republic.

Republic

In a republic government system, the power also rests with the people, as they are in charge of electing or choosing the country’s leader, instead of the leader being appointed or inheriting power. Broadly defined, a republic is a government system without a monarch. A republic may be governed by a group of nobles, as long as there is not a single monarch. Some examples of countries with a republic government system include Argentina, Bolivia, Czech Republic and France.

Explanation: Democratic republic

i think it can have both positive and negative effects on businesses.

for example:

lets say you own a small business and taxes go up 4% that means it is going to cost your business more money to buy product to sell. but at the same time you make more money from the tax rise.

that is my theory.

the cat said meow. the police should not have shot it.