Participatory economics is an economic system dependent on participatory decision making as the primary economic mechanism to the allocation of the factors of production and guidance of production within a given society. Participatory economics is a sort of decentralized economic organizing and socialism involving the common ownership with the means of production. This system is proposed as an alternative to contemporary capitalism, as well as an alternative to central planning.
More Post
Latest Post
-
Cathodic Protection – a technique for controlling corrosion
-
Electromagnetism – a discipline of physics
-
Astronomers Measure the Heaviest Black Hole Pair ever Discovered
-
Even Passive Smokers are Extensively Colonized by Microbes
-
Webb discovers Proof that a Neutron Star powers the Young Supernova Remnant
-
Flyback Transformer (FBT)