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interrelationship of democracy and economic development


New Free fire 12th Mar, 2022
Answer (1)
Prachi Panda 12th Mar, 2022

Hello,

Democracy is related 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 advancement of educative institutions as well as healthcare.

Thank you.

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