Question

what is economic democracy? write in 60-70 words

Answer 1

Explanation:

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Answer 2

Answer:

Economic Democracy means a system which supports the presence of economically democratic corporations/firms.Economically democratic corporations are those which are owned by all the people working in it, as the citizens own the government. Generally when we talk about capitalistic or socialistic economies we say a employer-employee relation or master-servant relation. it abolishes these terms. All the stakeholders are responsible for the decision making and policy changing

Just for information:-

In general terms it means everyone contributing to the production of the country. Workers, labourers and other stakeholders have a say in decision making as of what to produce, how to produce, what should be the prices, product quality etc!

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