Question

How democracy help in economic growth and development of a country ?

Answer should be well detailed and well explained with reason.
Atleast 5 points needed

Class - 10th
Chapter - Outcomes of democracy.

Please be kind and help me ​

Answer 1

Explanation:

There is no direct effect to economic growth. but however it has a strong significant indirectly which effects contribute to growth. Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom.

The four factors of economic growth is :-

• Land
• labor
• capital
• entrepreneurship

Democracy helped in economic growth and development of country :-

• Democracy and and economic growth and development have had a strong correlative and interactive relationship throughout history.
• While evidence of this relationship's existence is irrefutable, economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.

Answer 2

Answer:

democracy and economic and development have had a strong correlative and interactive relationship throughout history. While evidence of this relationship's existence is irrefutable,

economists' and historians' opinions of its exact nature have been sharply split, hence the latter has been the subject of many debates and studies.