How population explosion responsible for our lower standard of living
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ᴛʜᴇ ᴄᴏsᴛ ᴀɴᴅ ᴘʀɪᴄᴇs ʀɪsᴇ ᴡʜɪᴄʜ ʀᴀɪsᴇ ᴛʜᴇ ᴄᴏsᴛ ᴏғ ʟɪᴠɪɴɢ ᴏғ ᴛʜᴇ ᴍᴀssᴇs. ᴛʜɪs ʙʀɪɴɢs ᴛʜᴇ sᴛᴀɴᴅᴀʀᴅ ᴏғ ʟɪᴠɪɴɢ ʟᴏᴡ. ᴘᴏᴠᴇʀᴛʏ ʙʀᴇᴇᴅs ʟᴀʀɢᴇ ɴᴜᴍʙᴇʀ ᴏғ ᴄʜɪʟᴅʀᴇɴ ᴡʜɪᴄʜ ɪɴᴄʀᴇᴀsᴇs ᴘᴏᴠᴇʀᴛʏ ғᴜʀᴛʜᴇʀ ᴀɴᴅ ᴠɪᴄɪᴏᴜs ᴄɪʀᴄʟᴇ ᴏғ ᴘᴏᴠᴇʀᴛʏ. ᴛʜᴜs, ᴛʜᴇ ᴄᴏɴsᴇǫᴜᴇɴᴄᴇ ᴏғ ᴘᴏᴘᴜʟᴀᴛɪᴏɴ ɢʀᴏᴡᴛʜ ɪs ᴛᴏ ʟᴏᴡᴇʀ ᴛʜᴇ sᴛᴀɴᴅᴀʀᴅ ᴏғ ʟɪᴠɪɴɢ.
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The increase in population leads to an increased demand for food products, clothes, houses etc., but their supply cannot be increased due to the lack of cooperate factors like raw materials, skilled labour and capital etc.
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