In: Economics
Democracy can be analyzed from two perspectives:-
1). The governance of the current party in power and their acceptability by the general public.
2). The economic conditions in the country since the time the government has been in power.
Taking the economic perspective, a democracy is said to be successful if it gives the general population the opportunity to exercise whatever profession they which to which benefits the society and is within the ambit of the legal system of a country. The growth rate of an economy over the course of a government's term and the change in employment rates is a clear economic indicator of a democracy's economic success. The rates of inflation and the formation of fixed capital over the years is another indicator of the economic success of a government.
The success of the executives could be determined by the successful implementation of the economic schemes that have been suggested by various government think tanks(NITI Aayod in case of India) and other Parliamentary committees. It is the role of the executive to enforce all the economic bills that have been passed in the Parliament(Congress in case of the US) and the degree by which these bills have been successfully implemented indicates the success of the executives.