Outcomes of Democracy || POLITICAL SCIENCE || Class 10 || Chapter 5 || Part 4 [ Economic outcomes of democracy ]

Economic outcomes of democracy

Economic Outcomes of Democracy

Democracy is often celebrated for its values, but we can also evaluate it based on facts and data. Let’s look at the economic impact of democracy.

1. Economic Growth in Democracies vs. Dictatorships

• Data Analysis: Dictatorships show a slightly higher economic growth rate than democracies.
• In Poor Countries: When comparing only poor countries, there is almost no difference in economic growth between democracies and dictatorships.
• Hindi: आंकड़ों के अनुसार, तानाशाही का आर्थिक विकास लोकतंत्र से थोड़ा बेहतर है, लेकिन गरीब देशों में कोई बड़ा अंतर नहीं दिखता।

2. Economic Inequality in Democracies

• High Inequality in Some Democracies: Countries like South Africa and Brazil have significant income inequality, with the top 20% holding over 60% of national income, while the bottom 20% get less than 3%.
• Less Inequality in Other Democracies: Nations like Denmark and Hungary have more balanced income distribution, with fairer income sharing.
• Hindi: कुछ लोकतांत्रिक देशों में आर्थिक असमानता अधिक है, जैसे दक्षिण अफ्रीका और ब्राज़ील। लेकिन डेनमार्क और हंगरी जैसे देशों में आय अधिक संतुलित है।

3. Inequality of Opportunity (Cartoon Insight)

• Cartoon Observation: The cartoon shows that poorer sections often have fewer opportunities, even in democracies.
• Hindi: कार्टून से पता चलता है कि गरीब वर्गों के पास अवसरों की कमी होती है, यहां तक कि लोकतंत्र में भी।

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Verdict on Democracy Based on Economic Performance

• Positive Aspect: Democracy may not always lead in economic growth, but it strives for equality and fairness.
• Challenges: Economic inequality remains a major issue in many democracies, highlighting areas for improvement.
• Overall Assessment: While democracy doesn’t guarantee higher growth, it promotes equal opportunities and citizen welfare, making it valuable beyond just economic outcomes.

Hindi: लोकतंत्र आर्थिक वृद्धि की गारंटी नहीं देता, लेकिन यह समान अवसर और नागरिक कल्याण को बढ़ावा देता है, जो इसे केवल आर्थिक परिणामों से अधिक मूल्यवान बनाता है।

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Difficult Words

• Inequality - असमानता
• Economic Growth - आर्थिक वृद्धि
• Income Distribution - आय वितरण
• Opportunities - अवसर