how does the total population of a company affect its economic development?
Answers
Answer:
Vice versa, if economic growth exceeds population growth, the standard of living goes up. ... On the other hand, if population growth affects per capita output growth, higher population growth rates would contribute to either higher or lower overall economic growthdepending on the nature of its effects on per capita GDP.
Answer:
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.
Explanation:
As population increases, per capita available income declines. People are re- quired 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.
Population growth affects many phenomena such as the age structure of a country's population, international migration, economic inequality, and the size of a country's work force. ... Expressed as percentage changes, economic growth is equal to population growth plus growth in per capita GDP.