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The people exercise their power by delegating it to representatives chosen by them through the election process

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Answer:

Republicanism

Step-by-step explanation:

In simple words, Republicanism can be understood as the philosophy of running a country as a federal state, with a focus on individual liberty or even democratic virtue. More generally, it relates to a democratic structure that safeguards liberties, particularly by implementing a code of legislation that the administration cannot disregard at will.

Thus, from the above we can conclude that the above statement signifies republicanism.

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