Question

Briefly discuss the implications of non-working population on the country's development.

Answer 1

Children, the elderly, and those without jobs or not in the labor force are all considered members of the non-working population. They may have a variety of effects on the advancement of a nation. Some possible implications are as follows:

1. Increased dependency ratio: The working-age population is essential to the financial security of the non-working population. Consequently, the dependency ratio rises as the proportion of the working-age population that is not employed increases. This may result in a greater demand on the working-age population to provide for the non-working population, which may have an adverse effect on the nation's overall economic growth.
2. Reduced productivity: People who are underemployed or unemployed might be less productive than people who work full-time jobs. Lower economic growth and decreased competitiveness in the global market can lead to this.
3. Strained social welfare programs: The population that does not work frequently depends on social welfare programs like healthcare, education, and pension plans for support. The need for these programs rises along with the number of unemployed people, which may put a pressure on public coffers and hinder national progress. All things considered, the non-working population can have a big impact on a nation's development, so it's important to take their needs and contributions into account when creating policies and plans for economic growth and development.