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Effects of Population Size on a Country's Prosperity


Discuss whether or not a government should be worried about an increase in the proportion of its population aged over ➡️6➡️5.


Demographic Factors and Population

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I. 🍃Introduction
- Brief explanation of the topic

II. Reasons why an aging population may have negative effects
- Increase in the cost of pensions
- Possible need to raise taxes
- Increase in dependency ratio
- Decrease in the number of people in the labor force
- Loss of skills
- Increase in the cost of healthcare
- Reduction in the mobility of the labor force
- Decrease in productivity due to less familiarity with new technology

III. Reasons why an aging population may have positive effects
- Longer life expectancy as a feature of economic development
- Possibility of raising retirement age
- Encouragement of a rise in birth rate
- Encouragement of immigration to increase the labor force
- Older workers have more experience and may have higher productivity
- Improvements in healthcare may mean people are healthier at older ages

IV. 👉Conclusion
- Summary of the points made
- Final thoughts on the topic

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