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Q.

Choose whether the given statement is true or false:

Economic progress is not guaranteed by democracy.

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a

True

b

False

answer is A.

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Detailed Solution

The above statement is True.
Overall, we cannot argue that democracy guarantees economic growth. Positive growth advantages will be distributed equally across the population to develop a socially healthy community. Economic development is determined by several factors, including the country's population, the global environment, collaboration with other countries, and economic goals. As a result, the difference in economic development rates between authoritarian and democratic nations is minor. We cannot, in general, believe that democracy guarantees economic progress. However, we should believe that democracy will not trail behind dictatorships in this regard.

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Choose whether the given statement is true or false:Economic progress is not guaranteed by democracy.