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VMariaS [17]
3 years ago
10

What is Democracy and a Democratic Republic?

Social Studies
1 answer:
slavikrds [6]3 years ago
4 0
Republic: "A state in which supreme power is held by the people and their elected representatives..." Democracy: "A system of government by the whole population or all the eligible members of a state, typically through elected representatives."
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Rational decision making is a multi-step process for making  choices between alternatives. The process ofrational decision making favors logic, objectivity, and analysis over subjectivity and insight.

Bounded rationality is the idea that in decision-making,rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

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