Democracy or Dictatorship, Which Is Best for Economic Development

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DEMOCRACY OR DICTATORSHIP, WHICH IS BEST FOR ECONOMIC DEVELOPMENT Economic Development:
Economic Development refers to the increase in standard of living in a nation's population with sustained growth from a simple, low-income economy to a modern, high-income economy. To see whether democracy or dictatorship is best for economic development, we have to see advantages and disadvantages of both of these individually. DEMOCRACY:

The word ‘democracy’ means ‘popular government’. It is the thought that leads a country to give an atmosphere that unites equivalent gains and prospects (in political, social, and economic spheres) for the common man. Democracy can be defined as; "a political system in which the supreme power lies in a body of citizens who can elect people to represent them".

Advantages of Democracy for Country:

1. Peaceful Modifications in the Government

Democracy can offer modifications in government without hostility.

2. Averting Monopoly

As Government changes after each election so, it averts monopoly.

3. Social Responsibility of the Citizens

Citizens achieve a sense of contribution in the selection of their government.

Disadvantages of Democracy for a Country:

1. Making the wrong choice

Common man may elect a wrong party due to political unawareness.

2. Authorities May Lose focus

Government may lose focus on functioning effectively and instead might concentrate on winning elections, as it is bound to changes after election.

3. Hordes Have Influence

Hordes can manipulate citizens. People may vote a party under the pressure. DICTATORSHIP:
Dictatorship can be defined as a form of government in which the power lies with a single person or a small group of people. The general population has no say in the functioning of the government. Advantages of Dictatorship Government

1. Stable Government
As decision making lies with only one person and others do not have any say in the working...
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