Definition of participation - What is it, Meaning and Concept

Of the Latin participatĭo , participation is the action and effect of participating (taking or receiving part of something, sharing, news).term can be used to name the ability of citizens to get involved in the political decisions of a country or region.

In this sense, we can talk about the citizen participation through elections, referendums or plebiscites.The most common method of participation is suffrage every certain amount of time to choose the representatives of the people.This is known as representative democracy (people choose the members of the Executive Power and the Legislative Power ).

Beyond electoral participation , citizen participation in politics can be achieved through other mechanisms, such as action in organizations Non-governmental organizations or public demonstrations.For example: "We need the participation of the people to block this authoritarian project of the government" , "The plebiscite had a massive participation of the city" .

Participation is also the part that a person or a group owns in the capital of a business : “The Russian tycoon has just acquired a minority stake in the telecommunications group ”, “ Telefonica decided to sell its stake in the Italian operator due to the increase in its liabilities ”, “ A young Englishman invested his savings in the purchase of a participation in the club of his loves ”.

Within that commercial field, it would be necessary to underline the existence of what is known as a joint account, which means that some merchants worry about the operations of others without having established any formal contract between them.

In the same way, we would have to make reference to, for example, so-called preferred shares.These are characterized by being an asset that has a high financial risk which means that thanks to them numerous benefits can be achieved but also you lose everything invested.

These participations have become in recent years protagonists of Spain's financial news and it is that various banking institutions in the country have not hesitated to sell those to their clients without conveniently explaining what risk they entailed and what they were signing was almost a sure loss of your assets.

Therefore, they have filed complaints against the banks and savings banks that have made this scam and many of these lawsuits are still waiting to be judged before the relevant authority.However, in other places the financial entities have returned all the money to customers who bet on preferred shares.

Participation is, on the other hand, a notice or part given to someone : “Did you know that Claudia marries? Yesterday I got the participation ”, “ Don't worry, I'm going to send you a participation ”.

However, we must not forget that the part that is played by a lottery number is also known by the name of participation, so if, for example, in many cases there are tickets and then there are participations, which cost less than the tickets and that are a part of those.Hence, if the prize is played, whoever has a full ticket will get a greater amount than the one who had a share.