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it is good as you would have a fair vote for example when we vote for our PM's in Ballot box :)

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11y ago
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11y ago

chutiya samja ha kya

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Q: What is the economy like in a democracy?
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Related questions

What is Taiwan's economy?

Taiwan has a democracy with a mixed economy.


What kind of economy is connected to democracy?

market economy =*(


What type of economy does Taiwan have?

Its a Command Economy!


What type of economy exists in this Spain?

democracy


What is and example of command economy like democracy dictatorship and stuff like that?

cuba is a command government, a command government controls prices of goods.


How are businesses owned in a democracy?

Businesses in a democracy are typically owned by individuals, groups of individuals (partnerships), or by corporations. Ownership is determined by who invests capital into the business and has decision-making authority. In a democracy, ownership rights and responsibilities are governed by laws and regulations that aim to promote fair competition and protect the interests of society.


What does the US represent?

it is the consonantal democracy,and market economy


Does a country have to be a democracy to have a prosperous free market economy?

no


What kind of economy does Bolivia have?

Bolivia has a plurinational socialism. A more radical form of social democracy. Its a socialist nation but mixed with democracy and ethical capitalism.


What type of economy does a democracy have?

Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.


What is the name for an economy in which private enterprise and government regulation coexist?

market economy


What kind of government did the colony of Pennsylvania have?

== == It was the first democracy in America It was the first democracy in America