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Economic democracy (sometimes called a democratic economy [1] [2]) is a socioeconomic philosophy that proposes to shift ownership [3] [4] [5] and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
Democracy, meaning "rule of the people", is a system of government in which the citizens exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament. Democracy is sometimes referred to as "rule of the majority".
Effects of democracy on economic growth and effect of economic growth on democracy can be distinguished. While evidence of a relationship is irrefutable, [ 1 ] economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.
Inclusive democracy is a political theory and political project that aims for direct democracy in all fields of social life: political democracy in the form of face-to-face assemblies which are confederated, economic democracy in a stateless, moneyless and marketless economy, democracy in the social realm, i.e. self-management in places of work ...
Economic democracy – theory of democracy involving people having access to subsistence, or equity in living standards. Grassroots democracy – emphasizes trust in small decentralized units at the municipal government level, possibly using urban secession to establish the formal legal authority to make decisions made at this local level binding.
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as
Athenian democracy – democracy in the Greek city-state of Athens developed around the fifth century BCE, making Athens one of the first known democracies in the world, comprising the city of Athens and the surrounding territory of Attica. It was a system of direct democracy, in which eligible citizens voted directly on legislation and ...
The Democracy Index published by the Economist Group is an index measuring the quality of democracy across the world. This quantitative and comparative assessment is centrally concerned with democratic rights and democratic institutions.