Question

explain social and economic democracy​

Answer 1

Answer:

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Social democracy is a political, social and economic philosophy within the philosophical tradition of socialism that supports political and economic democracy. ... It has been described as the most common form of Western or modern socialism as well as the reformist wing of democratic socialism.

Answer 2

Answer:

Economic democracy

Economic democracy is a socioeconomic philosophy that argues that decision making power in an economy should be transferred from corporate shareholders and managers to a larger group of people that includes workers, customers and the broader public who are affected by such economic decisions.

Social democracy

Social democracy is a philosophy that has comparative qualities to communism however inside an industrialist structure. The belief system, ascending from democracy where people have a state in government activities, underpins a serious economy with cash while likewise helping people whose jobs don't pay a great deal.

Explanation: