The size of the population of a country has a number of implications. Some are political while others are economic. We will examine them together
- It determines the size of the labour force.
- It determines the per capita income and the amount of resources available per person. In an ideal setting, the higher the population size, the lower the per capita income.
- Population size determines the amount of recognition or respect given to a country at the international level.
- The size of a population is an indicator of the strength of her market and her potential demand for goods.
- It determines the amount of foreign aid and investment that flows into a country.
- Population size also showcases the level of government expenditure in the provision of social amenities.
Implication of Population Growth
The implications of population growth are as follows:
- Population growth will lead to a general fall in per capita income and standard of living.
- Population growth will lead to increase in effective demand for goods and services as consumption increases with growth.
- The cost of living will increase due to increased demand which is not matched with a higher rate of productivity.
- The size of labour force will increase.
- It can result into a higher rate of unemployment if the increased labour force is not gainfully employed.
- There will be heavy pressure on the available social services and amenities.
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