Participatory economics, often abbreviated Parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of socialist decentralized planned economy involving the common ownership of the means of production. It is a proposed alternative to contemporary capitalism and centralize… Webb18 dec. 2024 · The primary sector is concerned with the extraction of raw materials. It includes fishing, farming and mining. In less developed …
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