WORLD HISTORY

Detailed explanation-1: -Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom.

Detailed explanation-2: -The answer is no. Though we do find that democratisations are associated with larger increases in GDP per capita in countries with higher levels of secondary schooling, there is no evidence that democracy is bad for economic growth in low income economies or even in economies with low levels of schooling.

Detailed explanation-3: -By various names, cooperatives play an essential role in all forms of Economic Democracy. Classified as either consumer cooperatives or worker cooperatives, the cooperative business model is fundamental to the interests of economic democracy.

Detailed explanation-4: -Democracy is considered as the best form of government because of the following reasons: In democracy, people have the right to choose their rulers. If rulers do not work well, people will not elect him in the next election. Democracy has more freedom of speech than any other forms of government.