What is the Meaning & Definition of rule of law

The rule of law consists of two components: the State (as a form of political organization) and law (as a set of standards governing the operation of a company). In this case, therefore, the power of the State is limited by law. The rule of law occurs as opposed to the absolutist State, where the King was above all citizens and could order and order without that no other power comes as a counterpoint. The rule of law, on the other hand, assumed that the power arises of the people, which elects its representatives for the Government.
With the development of the rule of law, there is mention the division of powers (the legislative power, judicial power and the Executive power, three instances which in the absolutist State, gathered under the person of the King). Thus, the courts become autonomous from the sovereign and Parliament there to confront and oppose the power of the ruler.
The concept of democracy is another concept related to the rule of law, as the people has the power and exercised through the elections, by electing its representatives.
Anyway, consider that democracy does not imply that there is a genuine rule of law. UM leader can come to power by democratic means and then, subsequently, abolish the rule of law, as it happened with Adolf Hitler in Germany. There may also be Governments which respect the democratic functioning to some issues but that violate the rule of law in the face of others.