A monarchy is a form of government in which supreme power is absolutely or nominally lodged in an individual, who is the head of state, often for life or until abdication.
Spain under Francisco Franco (was officially a monarchy, although there was no monarch on the throne.
In 1980, Sweden became the first European monarchy to declare equal (full cognatic) primogeniture, meaning that the eldest child of the monarch, whether female or male, ascends to the throne.
In an absolute monarchy, the monarch rules as an autocrat, with absolute power over the state and government—for example, the right to rule by decree, promulgate laws, and impose punishments.
Historical examples of elective monarchy include the Holy Roman Emperors (chosen by prince-electors, but often coming from the same dynasty), and the free election of kings of the Polish–Lithuanian Commonwealth.
The principal advantage of hereditary monarchy is the immediate continuity of leadership, usually with a short interregnum (as seen in the classic phrase "The King is dead.
In an elective monarchy, the monarch is elected, but otherwise serves as any other monarch.
A self-proclaimed monarchy is established when a person claims the monarchy without any historical ties to a previous dynasty.
In 1980, Sweden became the first European monarchy to declare equal (full cognatic) primogeniture, meaning that the eldest child of the monarch, whether female or male, ascends to the throne.