Question

write three points on economic democracy​

Answer 1

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 stakeholders that includes workers, customers, suppliers, neighbours and the broader public.
2. 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.
3. 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

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• Economic democracy is a system where people share ownership over the resources in their
• Economic democracy, then, may be defined as an economic order which would make possible the realization of the purposes or values which political
• Economic Democracy means a system which supports the presence of economically democratic corporations/firms. Economically democratic corporations