Question

‘’Within democracies, varying rate of economic growth is usually found?

Answer 1

The given statement is correct.

Explanation:

• The economic development in any democracy is dependent on many factors which vary from country to country:

1. The resources available in the country that would promote its infrastructural development.
2. The policies and plans adopted by the government for promoting its economic development.
3. The population of the country and whether the country is agriculture based or industry based.
4. Spread of education and availability of improved health care facilities in the society.
5. Availability of skilled labour.
6. Less variation in income in the population.
7. Increased frequency of trade and commerce with other countries.