Economy, asked by Vennam, 1 year ago

Population was see as a liability rather than an asset but this is not true. Explain.

Answers

Answered by GauravSaxena01

Hello!!

in simple way a large population can be turned into an asset by investing money in the form of health ,education,training etc. as a result of these investments the poplulation turn into a human capital and human capital is a stock of productive skill and knowlege .

so these human capital with their skill and ability make efficient use of the resources as well as bring advancements in technoly. by doing so they contribute much towards the gdp and help in the dovelopment of a country.

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Vennam: Added as brainliest

GauravSaxena01: Thank u so much dear

Vinuz: If our country is able to manufacture or produce more than the population consumption this will lead to growth in gdp and economy. For this population should be converted to assets of nation so that they are more productive than consuming more. So that's effective demand for goods and services could be met, they are educated, good living standard and hence lead to gdp growth and ultimately productive asset other than non productive liability where money for economy gets consumed and depleted.

Answered by Akshay0605

According to my mind population is both liability and asset any thing has both advantage and disadvantage too
Population is liability but without this liability we can't do anything
Hope it helps
cheers
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