how does the quality of population affect the economy of the country
Answers
Hello here is ur answer!!
How does the population affect on the economy?
The population of a country influences a few key economic variables. Primarily, increasing populations provide strictly more labour, an input in production. Generally, increasing population also provide more human capital, or skills. Finally, because of the increase of the latter two, studies seem to indicate that increasing populations are linked to increasing levels of technology because innovation increases. On the demand side, higher populations generally consume more resources than smaller ones, especially when economic conditions in the country are poor.
Hope it helps uh❤️
Answer:
since 20th century the world is seeing tremendous growth in population.But as the population is expanding resources are being run out.for utilizing resources it needs proper human resources.A simple population can't become a resource without adding some qualities in it.quality refers to health,education and life span of population.if people have the best of all these then they can directly contribute in development,growth of any economy by giving best technology,minds,defence and quality human resources to the country.the examples are the healthy euro and north American countries where economy got an help from it's quality population.while major African,Asian and Latin American country's economy got an setback despite having large population.