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Political Science
Chapter 1 Class 7 Political Science - Democracy

What is economic democracy?



Answer by student:

  • Economic democracy means equal economic opportunities.

  • It means that all should have equal opportunities   to be employed or to set up their own businesses.

  • Economic democracy means the absence of all exploitation , such as workers by owners or peasants by landlords.

  • Economic democracy is a system where the people have the benefit from the economic growth and development of the country.

  • Economic democracy is a system where the people have the participation and representation in the economic decision making and policy making of the country.

  • Economic democracy means fair distribution of wealth in the society and no concentration of wealth in the hands of a few.

*Write any 5 points.

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 13 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.