Choose the given statement that is true/false.

Economic growth of dictatorship is better than democracy.

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True

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Detailed Solution

The above statement is true.
During the years 1995 to 2000, the average economic growth rate for all autocratic governments was 4.42 per cent, compared to 3.95 per cent for all democratic governments. Authoritarian regimes tend to have strict, obligatory laws and regulations. People who disregard the law face harsh punishment. In democratic systems, the government is less eager to end poverty and advance the economy since officials primarily care about their earnings. Numerous variables affect economic development, including the size of the nation's population, the state of the world, international cooperation, the priorities the government has set for its economy, etc. The rates of economic progress of less developed nations with dictatorships and democracies barely differ from one another.

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