Democracy is a system of government in which power is vested in the people, who exercise that power directly or through elected representatives. It emphasizes the importance of individual rights and freedoms, allowing citizens to participate in decision-making processes that affect their lives. In a democratic society, elections are held regularly to ensure that leaders are accountable to the public. This system promotes transparency, equality, and the rule of law, fostering an environment where diverse opinions can coexist and be expressed freely. Key figures in the development of democracy include John Locke and Alexis de Tocqueville.