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Thus, it is a stronger requirement than plurality (yet weaker than absolute majority). [4] [5] An absolute majority (also a majority) is a number of votes "greater than the number of votes that possibly can be obtained at the same time for any other solution", [a] when voting for multiple alternatives at a time [6] [b]
This has led to some confusion and misuse of the terms "majority" or "relative majority" to mean what is correctly called the margin of victory, i.e. the number of votes separating the first-place finisher from the second-place finisher. [8] A "double majority" is a voting system which requires a majority of votes according to two separate ...
Usually majority rule in first round (candidate wins only if they have more than half of the votes), typically plurality voting (technically: SNTV) determines which candidates compete in second round, majority rule for second round (with only two candidates). Ranked systems: Voters may rank candidates. Some ranked systems simulate multi-round ...
If majority support is interpreted in a relative sense, with a majority rating a preferred candidate above any other, the method does not pass, even with only two candidates. If the word "prefer" is interpreted in an absolute sense, as rating the preferred candidate with the highest available rating, then it does.
[1] [2] This position has found strong support in many social choice models, where the socially-optimal winner and the majority-preferred winner often overlap. [3] [4] Majority rule is the most common social choice rule worldwide, being heavily used in deliberative assemblies for dichotomous decisions, e.g. whether or not to pass a bill. [5]
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The Statute of Autonomy of the Canary Islands states that its economic and fiscal regime and electoral law need a two-thirds majority of the Parliament to be modified. [39] On its behalf, the Ombudsman needs a three-fifths majority to be appointed. Also, if a two-thirds majority votes against a law project, it must be proposed to the following ...
In contrast, by definition, the real value of the commodity bundle in aggregate remains the same over time. The real values of individual goods or commodities may rise or fall against each other, in relative terms, but a representative commodity bundle as a whole retains its real value as a constant from one period to the next.