Workers, as well as consumers’ councils, are connected through a structure of federated structure that’s democratic. It’s made up of bigger geographic units. Democratic planning methods are utilized in order to make the economy’s overall plan.
There are various key values of a Parecon. They include self-management, solidarity, justice, efficiency, diversity, and sustainability. These are all different components that each has an important role in a participatory economy. There are various key institutions that can help to achieve the goals.