Question

how population growth gives benefit in the economic development of the state?​

Answer 1

Answer:

Population growth enlarges labour force and, therefore, increases

economic growth. A large population also provides a large domestic market for

the economy. Moreover, population growth encourages competition, which

induces technological advancements and innovations. Nevertheless, a large

population growth is not only associated with food problem but also imposes

constraints on the development of savings, foreign exchange and human

resources. Generally, there is no consensus whether population growth is

beneficial or detrimental to economic growth in developing economies.

Moreover, empirical evidence on the matter for developing economies is

relatively limited.