Question

4.How population affects on economic development. Discuss.​

Answer 1

Answer:

As population increases, per capita available income declines. People are required to feed more children with the same income. It means more expenditure on consumption and a further fall in already low savings and consequently in the level of investment.

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Answer 2

Population has a positive impact on economic development.

Explanation:

1. A Large population means more workforce which means higher production of goods and services in an economy.  
2. Higher production of goods and services will result in higher GDP which will point towards greater economic development in any country.  
3. However, the population can and have a positive impact only if various other factors such as education, health, literacy level, asset building capacity of the population is improving.  
4. If the population is increasing but there is no improvement in their standard of living, the population growth can become a hindrance to economic development.