Name the factors on which economic growth of democracy depends.
Answers
Answer:
What that means is that there are multiple factors such as political stability and political institutions, social insurance, government capacity, religion and many other in the outcome. In 2 similar countries alm9st identical Democratic regimes can yeild completely different results.
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Economic growth is called an increase in the market value of the per capita goods and services produced by the economy over time. Democracy is very responsible and important to a nation's development, but that doesn't guarantee it. Depends on the factors as follows:
Explanation:
- Education: In order to increase economic growth, education needs to educate the country's population, as increased skills will produce more goods and services, leading to increased economic growth.
- Health facilities: adequate health facilities should be in place to ensure good health for the country's population, in order to boost economic growth.
- Political will or economic priorities: State should want to spend money on people ' education and health services and make policies accordingly.
- Non-discrimination: there should be no discrimination based on religion, race, class and so on and everyone should be given equal opportunity based on their ability.
- Certain considerations may be the global situation, certain nations collaborating, etc.
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