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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.
Democratization, or democratisation, is the structural government transition from an authoritarian government to a more democratic political regime, including substantive political changes moving in a democratic direction.
Democracy is sometimes referred to as "rule of the majority". Democracy is a system of processing conflicts in which outcomes depend on what participants do, but no single force controls what occurs and its outcomes. This does include citizens being able to vote for different laws and leaders. France Germany Cape Verde Chile Estonia
Democratic capitalism is a type of political and economic system [3] characterised by resource allocation according to both marginal productivity and social need, as determined by decisions reached through democratic politics. [1] It is marked by democratic elections, freedom, and rule of law, characteristics typically associated with democracy.
Democratic socialism is defined as having a socialist economy in which the means of production are socially and collectively owned or controlled [3] alongside a democratic political system of government. [39] Democratic socialists reject most self-described socialist states, which followed Marxism–Leninism. [40]
A democratic transition describes a phase in a country's political system as a result of an ongoing change from an authoritarian regime to a democratic one. [ 1 ] [ 2 ] [ 3 ] The process is known as democratisation , political changes moving in a democratic direction. [ 4 ]
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 ...
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.