The factors that make up demographics include:
1. Age: This refers to the different age groups within a population, such as children, teenagers, adults, and the elderly. Age distribution is important for understanding population dynamics and consumer behavior.
2. Ethnic groups: These are cultural or social groups that share common traditions, ancestry, language, or nationality. Ethnic diversity is a key aspect of demographics and influences social structures and political landscapes.
3. Income level: This refers to the amount of money individuals or households earn. Income levels impact purchasing power, access to resources, and socio-economic status within a population.
These three factors are key components of demographics and play a significant role in shaping societies, economies, and public policies. Understanding demographics helps organizations and governments tailor their services and products to meet the needs of different population segments.
