Disscuss the economic impact of overpopulation on trade.
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Overpopulation refers to the rise in value of population of a region or area in excess numbers. Overpopulation leads to the following impact on trade:
1. It causes rise in the demand of products and items due to increased consumption or measure of use.
2. Rise in demand of products ultimately requires more raw products, tradespeople, laborers and supervisors.
3. This will lead trade to rise in values as businessmen see rise in sales of their products. Due to the high enrollment of laborers and middle workers, the value of pay also decreases, which subsequently adds up to the total profit.
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Overpopulation will lead to growth of business and rise of competition.
Explanation:
- Trade is the exchange of goods and services, with the increase in the population the number of buyers and sellers also increases, and this rise of competition.
- The large diversity of the population gives rise to an increase in revenues and sales. volume.
- Over population created demands for resources that need to be developed and kept on with the rising population.
- The more is the number of consumers the larger is the scope of economic development.
- A rise in productivity will lead to enhancement in trade and transportation of services and generation of employment opportunities.
Learn more about the economic impact of overpopulation on trade.
- brainly.in/question/18080422 answered by kyrachiller7.
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