Understanding Democracy
Democracy is a complex and multifaceted system of governance that has far-reaching implications for society, economy, and individual rights.
Democracy as a Guarantee of Economic Development
- Economic Growth: Democracies often provide a favorable environment for economic development by promoting stability, encouraging investment, and fostering innovation.
- Participative Governance: In democratic systems, citizens have a voice in decision-making, which can lead to better economic policies that reflect the needs of the populace.
Democracy vs. Autocracy
- Importance of Governance: While some argue that autocracies may provide rapid decision-making, democracies usually lead to more sustainable and inclusive growth.
- Checks and Balances: Democratic systems are designed to prevent the concentration of power, which can lead to corruption and inefficiency.
Equality and Rights in Democracy
- Equal Rights for All: One of the fundamental principles of democracy is the establishment of equal rights, where every individual has the opportunity to participate in political processes.
- Protection of Minorities: Democracies tend to safeguard the rights of minority groups, ensuring that all voices are heard.
Conclusion
In summary, while democracy may not guarantee immediate economic development, it creates an environment conducive to long-term growth, equality, and the protection of rights. Thus, the notion of democracy as merely a system less important than autocracy is an oversimplification.

Option c is correct