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Option 2 : 1 and 2 only
The correct answer is option 2, i.e. 1 and 2 only.
Liberal Democracy:
- In a liberal democracy, the government is chosen (elected) as per the rules and law of the land.
- Individual rights are given prior importance.
- Free press and freedom to speech (civil liberties) are also guaranteed.
- But It does not invest political authority with potentially unlimited power
- Instead, the government is held accountable to the common people and hence its power is limited.
- The liberal democracy can be either monarchy (like England) or Republic (like India).
- The concept had been put forward by Adam Smith and John Locke.
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