interrelationship between democracy and economic growth? 300 words

Examine the link between democracy and economic growth. The empirical situation, on the other hand, is intriguing but not decisive. The statistics support the compatibility theory, which states that democracy has a net beneficial effect on economic development. However, the link is weak empirically, and there are several counter-examples in both directions: authoritarian regimes with strong development records and democratic regimes with poor development records. Political stability, not a specific political institution, is what is important for economic progress. Because it is safe to believe that any political institution will support development as long as it is stable, political instability is a hazard. And, as assessed by the frequency of strikes, protests, and riots in the past, it is far higher in democracies and much lower in dictatorships, for example. When the rulers' tenure is threatened, growth in dictatorships is dramatically slowed. Strikes, anti-government demonstrations, and riots all produce similar effects. When the regime is endangered or changes are expected, employees or large groups of people go on strike to protest the government, and the economy suffers as a result. This is less common in democracies, as institutions, not individuals, are responsible for maintaining democracy. Everyone understands that the government will change from time to time, and they also understand that they can protest in the same manner.