On the opposite, some people are always at power (while the others are not), so the people's power exists everywhere.
Democracy is a way of governing a state that postulates the majority-regulated competition as a must to win access to the executive power. Not to be confused with freedom or similar philosophical concepts. Democracy does not automatically imply a market economy, those are rather different things. However, competition serves as foundation in both, so sometimes they are tied together.![]()