The significance of the rule of law in democratic governance lies in its function as a foundation for justice, accountability, and equality. The rule of law ensures that all individuals and institutions, including the government, are subject to the law, preventing abuse of power and protecting citizens' rights. It promotes fairness by establishing clear legal frameworks and processes that govern societal interactions. Additionally, the rule of law fosters public trust in government, as it assures individuals that they will receive fair treatment and due process. Ultimately, adherence to the rule of law is essential for upholding the principles of democracy and maintaining social order.