what is the relationship between population and economic development?
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The Relationship Between Economic Growth and Population Growth. If population growth and per capita GDP growth are completely independent, higher population growth rates would clearly lead to higher economic growth rates.
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Economic development is a series of processes and strategies which countries and organizations utilize to increase domestic and international economies. ... With global economic powerhouses focusing on domestic repairs, many industry experts wonder how the international economy will fare in coming months.
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Economic Growth is important because it is the means by which we can improve the quality of our standard of living . It also enables us to cater for any increases in our population without having to lower our standard of living.
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An economy's rate of productivity growth is closely linked to the growth rate of its GDP per capita, although the two are not identical. For example, if the percentage of the population who holds jobs in an economy increases, GDP per capita will increase but the productivity of individual workers may not be affected.
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On the spatial distribution of development: The roles of nature and history. Economists point to three factors to explain how population is distributed: geographical characteristics, agglomeration, and history.
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Growth of population refers to the change in the number of inhabitants of a country/territory during a specific period of time, say during the last ten years. Population change is about changes in population composition; like age structure, sex ratio, literacy rate, occupational structure, etc.
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Population growth rate is how fast a population changes in size over time. It is determined by rates of birth, death, immigration, and emigration. Under ideal conditions, populations can grow exponentially. The growth rate increases as the population gets larger.
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- A growing population can generate economic growth. - The birth of more people means there will be a greater number of parents investing in their youth. -Increased purchases in products such as food, clothing, education-related expenses, sporting goods and toys feed the economy.
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A high GDP is related to a high quality of life and high development. Explanation: The HDI measures the economic development and welfare based on life expectancy, income as well as education levels of individuals of a nation.
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The relationship between economic growth and environmental sustainability is complex. Higher economic growth leads to higher and intensive use of already limited resources. This approach to economic prosperity based on metrics such as GDP is environmentally unsustainable.
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Population growth is the increase per annum. ... If the result is positive, then there is a specific growth in population. The population change is the result of the difference between the births and deaths in a year, plus the migration from one part of the country to the other.
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The results show that at least a causal relationship exists between urbanization and economic growth and urbanization positively impacts economic growth. However, the relationship between urbanization and economic growth is non-linear. The urbanization reaches a threshold after which it may impede the economic growth.
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First, rapid population growth is likely to reduce per capita income growth and well-being, which tends to increase poverty. Second, in densely populated poor nations with pressure on land, rapid population growth increases landlessness and hence the incidence of poverty.
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Growth and development Economic growth deals with an increase in the level of output, but economic development is related to an increase in output coupled with improvement in the social and political welfare of people within a country. Therefore, economic development encompasses both growth and welfare values.
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Rapid population growth directly decreases economic development while producing a rapidly increasing labor force requiring an increase in the number of jobs available. Population growth has already reduced arable land from 3 MN in 1949 to 1.5 MN at present and can also cause sanitation and pollution problems.
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The two-way relationship between economic growth and human development suggests that nations may enter either into a virtuous cycle of high growth and large gains in human development, or a vicious cycle of low growth and low rates of HD improvement.
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There is significant evidence that the relationship between population and the environment is bidirectional. The first direction is the impact of demographic factors on the environment which causes an overuse of natural resources and increases pollution.