Participatory democracy:ensures that citizens are afforded an opportunity to be involved in decision making on matters that directly affect their lives, in contrast to representative democracy which is more indirect.
People’s economy:is concerned with social inequality and prioritizes the basic needs of ordinary citizens, such as food, clothing, education, shelter and medical care.
Private bank:a bank which operates as a business whose sole objective is financial profit.
a concept from PR Sarkar, founder of the economic theory Prout, which says that the use of the world’s resources should be maximized in ways that meet the needs of all people.
Public bank:a chartered depository bank which reflects the values and needs of the public that it represents.
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