Is large population is both an asset and and a liability
Answers
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Yes.
Asset:
Provides workforce
Better returns to the nation and economy
Development of the nation
Liability:
Degrades environment
Consumes the resources at a larger rate
Neutralises the efforts to save environment.
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Large Population
Explanation:
- Large population can be an asset for a nation if its skills are utilised to the maximum extent.
- It can be a strength for country only if the country have the potential to provide clothing, food, healthcare and jobs.
- Large population transformed into an asset by spending more on healthcare, education and skill development, It would convert them into human capital.
- Well trained and educated population contribute to the economic progress.
- If the population is uneducated, unhealthy and consume resources then it acts as a liability.
- e.g The population of US is also large when compared to china but US population act as a human capital due to education and skills while it is not so with India, or China.
Learn More:
What Is GDP?what is the use of GDP?
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