what do you understand by dependency ratio how does it affect living standards
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Dependency ratio is the number of dependents in population divided by the number of working aged people. It affects that how much economy faces in it's non- productive population.
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HERE IS YOUR ANSWER!!
Dependency ratio is the ratio of the working population i.e., 15 to 59 years and dependent population i.e., children aged less than 15 years and elderly people of above 60 years.
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