Post
Topic
Board Economics
Re: Population: Economic strength or weakness
by
Negotiation
on 23/10/2023, 17:30:33 UTC
China and India, which are currently the first and second largest countries, have grown to become world economic powers. In my opinion, population is an economic power because business opportunities certainly require a long process from production to consumption, countries that have large populations are certainly a very useful resource and important for the economy.
Rightly said population is of immense importance for the economic development of a country. Skilled manpower in particular is an essential component of the country's economic development. A country is rich in natural resources but cannot use the accumulated resources due to lack of sufficient population. More people in a country can lead to a larger workforce and easier access to labor and population the country needs to develop. More labor will result in more goods being produced which will lead to economic growth population growth leads to an expansion of labor and goods that grow the economy.