It is called the present value.
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This type of government would be called a Confederation. The early United States under the Articles of Confederation and before the Ratification of the Constitution of 1787, operated this way. A perfect modern parallel would be the European Union.
I fought britian over a trex and got obama
in a democracy any group of citizens is free to from a political party . in this formal sense,there are a larger mo. of political party in such country.more than 750 parties are registered with the election commision of india.but not all these parties are serious contenders in the election.in sum country only 1 prty is allowed to control and run a government.these r called 1 party systerm.