Is democracy limited or unlimited?
Democracies are a form of LIMITED government because the leaders are accountable to the public and to national laws.
This question is rather difficult to answer since, as of 2016, Libya is in the midst of a civil war. However, the last stable government in Libya was the government led by the Caudillo Qadhafi. That was certainly an UNLIMITED GOVERNMENT; there was no rule of law when applied to Qadhafi or those he deigned to support.
Ancient Athens was the first known Democracy. The Athenian democracy was "the rule of the mob." This is very different from democracy in United States, which is referred to as a "Republican democracy." It varied over the centuries from monarchy to oligarchy, tyranny, limited democracy, oligarchy again, democracy, radical democracy, limited democracy, monarchy, limited democracy.