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Population Size and Living Standards

Question

Discuss whether an increase in a country’s population size will cause an increase in living standards.

Category:

Demographic Factors and Population

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Preview Answer

I. 🍃Introduction
- Definition of population growth and its impact on the economy
- Brief overview of the arguments for and against population growth

II. Positive effects of population growth on the economy
- Increase in labour force and output
- Expansion of market size and economies of scale
- Attraction of multinational companies
- Specialisation in education and healthcare
- Improvement in living standards through increased life expectancy
- Acquisition of new skills through net immigration of workers

III. Negative effects of population growth on the economy
- Increase in dependency ratio due to declining birth rate or death rate
- Shortage of resources such as healthcare and housing
- Lowering of GDP per head due to rapid population growth
- External costs caused by congestion and pollution

IV. 👉Conclusion
- Summary of the positive and negative effects of population growth on the economy
- Discussion of the need for a balanced approach to population growth
- Final thoughts on the importance of considering the economic impact of population growth.

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