How does population growth affect economic development?
Answers
The effect of population growth can be positive or negative depending on the circumstances. A large population has the potential to be great for economic development, but limited resources and a larger population puts pressures on the resources that do exist. ... Different countries have different natural resources.
Explanation:
The effect of population growth can be positive or negative depending on the circumstances. A large population has the potential to be great for economic development: after all, the more people you have, the more work is done, and the more work is done, the more value (or, in other words, money) is created. So, surely this can be nothing but good. There's a reason that farmers often have a lot of kids - more kids means more workers.
But, unfortunately, it isn't that simple. In a country with abundant resources and money - a rich country - perhaps more people is a good thing. But that isn't always the case in countries with limited resources. Limited resources.
Conflict, like population, is complex. It's generally accepted that a lot of conflict in an area is terrible for economic development. The constant wars in Iraq and the surrounding areas, for example, has had a terrible impact on their economic development. Not only do wars cost money but also private companies like stability - wars aren't remotely stable, which creates a lot of risk. And when a country comes out of a war badly, a lot of their buildings and infrastructure can be destroyed in the process. The world wars were so expensive for the United Kingdom, for example, that it brought about the ultimate end of the British Empire.
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