The dependency ratio of a country is of great
importance to economists and government
planners.
give reason
Answers
Explanation:
Consideration of the dependency ratio is essential for governments, economists, and all other major economic segments which can benefit from understanding the impacts of changes in population structure.
A low dependency ratio means that there are sufficient people working who can support the dependent population.
A lower ratio could allow for better pensions and better health care for citizens.
A higher ratio indicates more financial stress on working people and possible political instability.
While the strategies of increasing fertility and of allowing immigration especially of younger working age people have been formulas for lowering dependency ratios, future job reductions through automation may impact the effectiveness of those strategies.
Answer:
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Explanation:
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