economy is affected by over population.... true or false
Answers
Answer:
For the economy, a slower increase in the population raises concerns about American competitiveness. But it could actually be a good thing. ... With fewer working age Americans, we'll have fewer tax dollars to support that growing retired population that consumes most government spending
Answer:
Explanation:
The relationship between population growth and economic development has been a recurrent theme in economic analysis since at least 1798 when Thomas Malthus famously argued that population growth would depress living standards in the long run. The theory was simple: given that there is a fixed quantity of land, population growth will eventually reduce the amount of resources that each individual can consume, ultimately resulting in disease, starvation, and war. The way to avoid such unfortunate outcomes was ‘moral restraint’ (i.e. refraining from having too many children). He didn’t foresee the technological advances that would raise agricultural productivity and reduce the toll of infectious diseases—advances that have enabled the world’s population to grow from 1 billion in 1798 to 7.4 billion today.
Nevertheless, his essential insight that population growth constitutes a potential threat to economic development remained influential and informed international development policy agendas, especially in the 1950s and 1960s—a period marked by unprecedentedly rapid rates of population growth in many developing countries.
The possible impacts of a declining population that leads to permanent recession are: Decline in Basic Services and infrastructure. If the GDP of a community declines, there is less demand for basic services such as hotels, restaurants and shops.