Choose given statement is true/false:

Democracy is associated with higher accumulation of human capital, lower inflation, lower political instability and greater economic freedom.

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True

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Detailed Solution

The above statement is true.
Democracy is associated with higher accumulation of human capital, lower inflation, lower political instability and greater economic freedom. Democracy is linked to sources of economic growth, such as educational background and life expectancy, through improvements in educational facilities and health care. Thus, Democracy is expected to produce development. Compared to other political systems like autocracy, democracy helps in greater economic freedom as the government considers the welfare of the people.

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