How does population affect the economic growth of the country?

Answer 1

The population of a country influences a few key economic variables. Primarily, increasing populations provide strictly more labour, an input in production. Generally, increasing population also provide more human capital, or skills. Finally, because of the increase of the latter two, studies seem to indicate that increasing populations are linked to increasing levels of technology because innovation increases. On the demand side, higher populations generally consume more resources than smaller ones, especially when economic conditions in the country are poor.

Answer 2

It is important because population affects how much money there is because of the population using money for goods or services. It also affects how much money there needs to be given to the population.

Answer 3

Well, the population affects the economic growth because there are more people buying more things and so more people selling things which means more money for companies all over the country.

Answer 4

It negatively affects the economy because the system set up makes the young people pay for the older peoples benefits and as the younger population shrinks more burden is placed on them.