What do you mean by dependency ratio? Question from H.s 2nd year education
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The dependency ratio is a measure of the number of dependents aged zero to 14 and over the age of 65, compared with the total population aged 15 to 64. This demographic indicator gives insight into the number of people of non-working age, compared with the number of those of working age. It is also used to understand the relative economic burden of the workforce, and has ramifications for taxation.
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The dependency ratio refers to the proportion of the population that is dependent on the welfare state in comparison with the proportion of the population in employment. This measure is calculated by the number of dependents on the state (ages 0-14 years old and 65+ year olds) compared to the total population.
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