kingcrush681 kingcrush681

28-05-2024
Social Studies

Answered

What is the
'Population plays very a great role in the economic development of
every nation.' Clarify the statement in four
points.
with tho

Answer :

GinnyAnswer GinnyAnswer

28-05-2024

Final answer:

Population size, structure, education, and labor trends significantly impact a nation's economic development.

Explanation:

Population plays a significant role in the economic development of nations due to various factors:

Population size and structure: Countries with large populations can have a strong workforce but also face challenges such as inequality and unemployment.
Education and jobs: Developing countries with a young population need education and job opportunities to support economic growth.
Impact on GDP and GNP: Changes in population can distort the Gross Domestic Product (GDP) and Gross National Product (GNP), affecting a country's economic well-being.
Labor and industrial centers: Population trends influence labor availability and the location of industrial hubs, shaping economic development paths.

Learn more about Population's impact on economic development here:

https://brainly.com/question/39128517

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