Question

Write a short note on:

Demographic dividend.

Answer 1

Each country has a different rate of economic development many natural, human, Social factors are responsible for the development in a country. The human resource of the country is the most important factor, that can bring changes in the country's development. Demographic divided refers to the growth in an economy, which is the result of a change in the age structure of a country's population.

1. The change comes because of decline in birth rates and death rates.
2. As fewer birth are registered, the number of young dependents grow smaller, relative to the working independent population.
3. In a country, there is working population and dependent population.
4. The ratio between this determines how productive the country is economically. With fewer people to support and more people working, economy's resources are invested in other areas to accelerate a country's economic development.
5. As a result of this, per capita income increases over with time.
6. This economic benefit is in the form of dividend which benefits everyone in the economy.
7. Demographic dividend depends on whether the govt implements the right policies in area such as education, health, research etc.