The "institutionalization of defeat" is important for the consolidation of democracy.

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The "institutionalization of defeat" refers to the acceptance by political actors that losing an election is a normal part of the democratic process and that they will have the opportunity to compete in future elections. This acceptance is crucial for the consolidation of democracy as it ensures the peaceful transfer of power and the stability of democratic institutions.

The "Institutionalization of Defeat" Is Important for the Consolidation of Democracy