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No, the essential difference is that a Republic has a separation of powers.

The Roman Republic executive was ruled not by one president, but by TWO consuls. Many other executive jobs were like that, divided power. The Roman Republic had a complex legislature, something like four houses. It wasn't just the Senate.

Now compare that to Democracy where only the most recent election matters. That's the key difference, in a Democracy it only takes a single election win to grab control of all the levers of power. In a Republic there are multiple institutions and no single election can mess things up.