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INDUSTRIAL RELATIONS, POLITICAL DEMOCRACY AND MARKET ECONOMY

Industrial relations as a system in economic and social relations transfer those principles that are practiced in a market economy and political democracy. Political democracy, market economy and industrial relations are inseparable. None of these three systems can achieve its real goals if the other two systems fail to achieve theirs. Simply, but also complex, there can be no political democracy and a market economy if there is no efficient and functional system of industrial relations.