Question

what is economic democracy

Answer 1

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 stakeholder.

Answer 2

Economic democracy is asocioeconomic philosophy that proposes to shift decision-making power from corporate manager sand corporate shareholders to alarger group of public stake holders that includes workers, customers, suppliers, neighbors and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern properly subordinate the general well-being to private profit and deny the polity a democratic voice in economic policy decisions