Pages: 40-50

Abstract

Democracy consists of rule of people on people. The route of democracy in the past led to ‎creation of its modern legal new principles. Political democracy has a direct connection ‎with economic democracy. the most important principles of economic democracy is public ‎participation ,right to vote in selecting organizational management, equality ,good rule and ‎releasing economy. Development is the result of economic democracy and democratic ‎society steps toward democracy with the grant of economic freedom.While nondemocratic ‎systems don’t have any development in the field of economy, but they involved in multiple ‎economic and financial crimes.in this article within explanation about the concept of ‎economic democracy and it’s legal principles, economic development is introduced as a‎goal for the modern societies that can be achieved as a result of democracy‎‎‎‎.