How is democracy bad for economic growth?

Dear student Following points may help you - 1. In a democracy, a very small amount of ultra-rich population enjoys a disproportionate share in the income. 2. The rich are becoming richer and the poor are becoming poorer. 3. Democracy only produces conditions it is up to the people on how to efficiently exploit them. The economic growth rate of dictatorship is better. Moreover, the decision-making process under democracy is very slow due to which dispensing of services is also at a low pace. Hope it helps. Regards

  • 1
What are you looking for?