<human>:  What is the difference between a democracy and a monarchy?
<bot>: The fundamental difference between a democracy and a monarchy is that a democracy is a form of government that is run by the people, while a monarchy is a form of government headed by a monarch. In democracies, the people have the right to elect representatives to make decisions on their behalf and also to directly participate in decision-making processes. In monarchies, the monarch, usually a hereditary ruler, has supreme authority, although their powers may be limited by law or tradition.