COMMERCIAL DEMOCRACY

COMMERCIAL DEMOCRACY DEFINED...

COMMERCIAL DEMOCRACY
- "corporate" or work intended - "rule by people"
for commerce.
 • proposes to shift decision-making power from
COMMERCIAL corporate managers and corporate
shareholders to a larger group of public
stakeholders that includes workers, customers,
suppliers, neighbors, and the broader public
thus everybody who contributes to the
production is entitled to have his share of
wages and allowances. Here, every
contributor/worker have a say in the decision-
making process as to what to produce, how to
produce, where to distribute and what should
be the price, etc.
 IMPORTANCE OF COMMERCIAL DEMOCRACY
• addresses a large variety of
power relations pervading the
whole structure of the
company and influencing
every single aspect of the
company and employee's
work environment.
IMPORTANCE OF COMMERCIAL DEMOCRACY

• highlights the rights and

duties and controls that can
provide counterweights to
illegitimate private and
corporate power to avoid
lesser risks of power abuse
and fraud
 IMPORTANCE OF COMMERCIAL DEMOCRACY

major firm efficiency

gains from worker
involvement in
production processes
IMPORTANCE OF COMMERCIAL DEMOCRACY

stop to exploitation
and degrading
alienated labour
 •

POLITICAL DEMOCRACY
 POLITICAL DEMOCRACY DEFINED...

POLITICAL DEMOCRACY
- of or relating to government - "rule by people"
 POLITICAL DEMOCRACY

• political power of the state is

equally shared by the
citizens. Citizens have the
real power to legislate, which
they perform by delegating
this function to their elected
representatives
 IMPORTANCE OF POLITICAL DEMOCRACY

• gives equal individual rights to all where the constitution limits the power of the
majority and protects the minority
 IMPORTANCE OF POLITICAL DEMOCRACY

• builds performance pressure on the government specially that people get to

choose who would become their next leader. Leaders face the constant
pressure to perform wherein there must be a concrete evidence of good work
 IMPORTANCE OF POLITICAL DEMOCRACY

• people come first in a way that the laws were created with the best
interest of the citizen
 IMPORTANCE OF POLITICAL DEMOCRACY

• it prevents corruption through democratic government's biparty and

multiparty system. In this way, the ruling party is kept in check by the
presence of opposition.