Question

What is the role of working population and it's impact on economy​

Answer 1

Answer:

A growing population leads to an increase in total output. The sheer arithmetical increase in population creates work as well as incentives for production that impacts upon output and productivity quite favourably. Indeed, this argument is empirically important in addition to theoretical reasoning.

Answer 2

Explanation:

As population increases, per capita available income declines. People are re- quired to feed more children with the same income. It means more expenditure on consumption and a further fall in already low savings and consequently in the level of investment.

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