Matching Pairs Fundamental Polit PrinciplesOnline version Fundamental Political Principles by Michael Loret 1 Rule of Law 2 Democracy 3 Representative government 4 Limited Government 5 Consent of the Governed In a democratic system, the people rule. The government and those who govern are bound by the law. People are the source of any and all governmental power. Government is not all-powerful and may only do those things people have given it the power to do. In a representative system of government, people elect public officeholders to make laws and conduct government on their behalf.