Question

C. LONG ANSWER Questions:
Q.1
What is democratic society?
Q.2
What is economic democracy?
ANSWER
IN
SHORT

Answer 1

2) Economic democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbors and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's inherent effective demand gap.

Answer 2

1.A DEMOCRACY IS a society in which all adults have easily accessible, meaningful, and effective ways.It is a form of society which favours equal rights, freedom of speech and a fair trial and tolerates the views of minorities.

2.Economic democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbors and the broader public