Social Economic SE-DnD Complex (Democracy-Nondemocracy)
Social Economic SE-DnD Complex (Democracy-Nondemocracy)
People’s participation in any social process corresponds to regular participation in the process of economic DnD. Majority-minority complex infers the degree of participation with authority and responsibility. It is a common view that people work like machines in life. Business organizations configure work-space and worktime matrices in people’s social space and lifetime. The present structure of business organizations has been changing over time with the change in technology. It is because of the change in the need for production and consumption.
In the field of economy, we observe interaction and exchange phenomenainvolving multi variables and social parameters. Economic DnD refers to the idea of extending democratic decision-making principles to economic systems and institutions. In other words, economic democracy seeks to democratize organizational decision-making involving workers, consumers, and other stakeholders with a greater say in the management of
economic authorities and institutions and the distribution of social prosperity and technological progress.
Economic DnD relates to the parameters of need, demand, social acceleration, utility state of productionand consumption, market momentum, technology, development, etc. Change in workspace and worktime also follows the devolution of technology resulting in work-from-home, and remote working using the latest software computer technology. Technology has fluxed into all the social economic DnD processes. This implements workers-enterprise cooperation, collectively, makingthe business more socially oriented and territorial approached. Another approach could be participatory budgeting, in which community members are involved in the allocation of public resources and sustainability.
Economic DnD can lead to greater social and economic justice, as well as more sustainable
and efficient use of resources. By giving people technology-hand in economic decision-making, economic DnD can help to reduce inequality, create more inclusive economies, and promote greater accountability and transparency in economic institutions. We also need to take realistic support of AI and e-technology. Technology is the result of human intelligence and relates to social development.
The technology reaches everywhere unbiased, whereas the status quo would stand nowhere.
Economic technology, fintech, e-tech, i-tech, AI, machine learning, etc are the best part of human intelligence and are true human social DnD partners. Our economic DnD studies will reach out and involve young minds to explore new variables among society, technology, and social system, and create a database that could innovate the theories of social sciences and fill out the gaps.