Constitutional monarchy means that the parliament or the legislature makes the rules and the King of the country goes along with those rules. King James II of England refused to follow the constitutional monarchy and was kicked out through the revolution of 1688. This gave rise to constitutional monarchy in England.
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The Drawbacks of Federalism. Federalism also comes with drawbacks. Chief among them are economic disparities across states, race-to-the-bottom dynamics (i.e., states compete to attract business by lowering taxes and regulations), and the difficulty of taking action on issues of national importance.