Economic democracy is when people own the resources in their community. The community chooses how to use their resources. Resources make up most of our most basic life needs and costs. This includes: housing, jobs, energy, banks, education, health care, and governments. If we change who has power, then people can come together and own their resources. Workers, buyers, suppliers, and the people would have more voice to make choices. Corporate leaders and investors would have less power. The way people choose to use the resources to meet their needs will look different in some places. Democracy helps the economy through more investment, education, social services, and less social unrest. Policies that create economic democracy can help better the lives of all community members.