Correct Answer: Democracy

Solution : The correct choice is the first option.

Explanation: Democracy is a form of government where the supreme power is vested in the people and exercised through a free electoral system by elected representatives.
The meanings of the other options are as follows:

• Anarchy refers to the absence of government or a state of disorder due to the absence or nonrecognition of authority.
• Monarchy is a form of government where a single person (monarch) holds supreme authority, often based on hereditary succession.
• Autocracy is a system of government where power is concentrated in the hands of a single leader or ruler.

Therefore, the correct answer is democracy.