Participatory Economic Systems

Participatory economic systems are models where workers and community members actively participate in decision-making about production, distribution, and resource allocation, rather than relying solely on market forces or top-down management. They aim to promote fairness, transparency, and democratic control by involving stakeholders directly in planning and governance. This approach seeks to balance individual needs with societal goals, encouraging cooperation and accountability, and often emphasizes reducing inequality and ensuring that economic outcomes reflect collective priorities rather than profit maximization.