A few days ago
What are the advantages and disadvantages of contstitutional monarchy?
eg. Australia and England
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A few days ago
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These websites should help you:
http://australianpolitics.com/democracy/terms/constitutional-monarchy.shtml
http://www.dadalos.org/int/parteien/Grundkurs4/GB/regierungssystem.htm
Essentially, however, a monarch is a figurehead that represents culture and history while having no right to directly rule the people. A disadvantage would be paying for them.
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