WebMerits and Demerits of Democracy. Merits of Democracy: Democracy is the government of people as compared to the government of a single ruler or of a class of people. It gives voice to the citizens of the country in legislation and develops a sense of responsibility among them. In a democracy, everyone has one vote and every vote must have one ... Web24 nov. 2024 · Pros: 1. Promotes economic growth: With less government regulation to inhibit business growth, businesses will be productive and innovative thus promoting economic growth. 2. Eliminates slavery: Liberalism ensures we have a great country free from injustices and slavery. 3. Stable economy: Liberalism results in a stable economy …
Explain the Advantages & Disadvantages of Free Market Economies
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Cooperative Society – Features, Merits, Demerits and Types
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