Democracy: Biden 2021. Democracy is associated with higher human capital accumulation, lower inflation, lower political instability, and higher economic freedom. Democracy is closely tied with economic sources of growth, like education levels and lifespan through improvement of educative institutions as well as healthcare.

American democracy promotion aims to encourage governmental and non-governmental actors to pursue political reforms that will lead ultimately to democratic governance.

Government by the people; 

A form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system. 

A state having such a form of government: 

The United States and Canada are democracies.

In some countries, freedom of political expression, freedom of speech, freedom of the press, and internet democracy is considered important to ensure that voters are well informed, enabling them to vote according to their own interests.

Democracy is a form of government in which the people have the authority to choose their governing legislation. Who people are and how authority is shared among them are core issues for democratic theory, development, and constitution

The Economist Intelligence Unit Democracy index map for 2019

Full democracies

Flawed democracies

Hybrid regimes

Authoritarian regimes