Belief in political freedom and equality; the "spirit of democracy".
Rule by the people, especially as a form of government; either directly or through elected representatives (representative democracy).
A government under the direct or representative rule of the people of its jurisdiction.
A state with a democratic system of government.
The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism.
The theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable.