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CBSE Class 10 Answered

What is the relationship of democracy with economic growth and economic equalities?
Asked by balakrishnas361 | 05 Apr, 2022, 23:57: PM
answered-by-expert Expert Answer
  • Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom.
  • Democracy is closely tied with economic sources of growth, like education levels and lifespan through improvement of educative institutions as well as healthcare.
  • As democracy expands in developing countries, newly empowered workers are likely to demand better living conditions, health care, access to clean water, etc.
  • All these conditions contribute to increased life expectancy and, in turn, to increased productivity.
Answered by Sheetal Kolte | 06 Apr, 2022, 12:00: PM

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