The service sector‚ also called the tertiary sector‚ is one of the three parts of the economy in the Three-sector hypothesis. This hypothesis breaks the economy into three main areas so it can be better understood. The other two are the primary sector‚ which covers areas such as farming‚ mining and fishing; and the secondary sector which covers manufacturing and making things. The service sector provides a service‚ not an actual product that could be held in your hand. Activities in the service
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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soil exhaustion‚ loss of forests‚ air and water pollution‚ and degradation of coastlines afflict many areas. As the world’s population grows‚ improving living standards without destroying the environment is a global challenge. Most developed economies currently consume resources much faster than they can regenerate. Most developing countries with rapid population growth face the urgent need to improve living standards. As we humans exploit nature to meet present needs‚ are we destroying resources
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If a country’s population increases‚ it should theoretically be able to generate more capital because there would be more workers in the economy. Economists incline to undertake that if a country has significant economic stability and then undergoes an influx of immigration; their GDP will rise considerably‚ while a country with a stressed economy will not profit from growths in population. Foreign investing has taken an important role in the expansion of Asian economies in the past numerous decades
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DO LARGE POPULATION A KEY TO ECONOMIC PROGRESS Introduction: Thomas Malthus in his published book “An Essay on the Principle of Population” claimed that there is a tendency for the population growth rate to surpass the production growth rate because population increases at a geometrical rate while production increases at an arithmetic rate. Thus‚ the unfettered population growth in a country could plunge it into acute poverty. However‚ the pessimist view has proven unfounded for developed economies
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Population growth is the change in a population over time‚ and can be quantified as the change in the number of individuals of any species in a population using "per unit time" for measurement. In biology‚ the term population growth is likely to refer to any known organism‚ but this article deals mostly with the application of the term to human populations in demography. In demography‚ population growth is used informally for the more specific term population growth rate (see below)‚ and is often
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Rapid Growth in Global Population by Yoshie Kikuchi Introduction The rapid growth in global population is not caused by any single reason. The frequent appearance of the subject in different United Nations Conferences such as the Conference on Environment and Development and the International Conference on Population and Development reflects the complexity of the problem. Population growth is so intricately intertwined with international economic imbalances and environmental degradation that
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Population growth has its own effects on economic growth of a country‚ which can be negative or positive first we will look in to the negatively effecting factors of population growth: 1) Due to increase in Population Consumption Increases‚ which will decrease‚ GNP/GDP and Imports will increase and Exports Fall down Budget Defect is the result and the prices mount high. 2) Miss Use OR Over use of Natural Resources. Due to increase in population Man to Land Ratio decreases. As land is inelastic
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Control of Population Growth by the Government Population growth is the increase in the number of people who live in a specific area. Population growth has a huge impact of economies‚ education‚ etc.‚ therefore the levels of population growth is a huge concern around the world. There have been a number of countries that have been encouraging the population to produce more offspring‚ such as Shanghai. However‚ these policies are just to motivate the population to have more babies and there are always
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Effects of Rapid Population Growth While population growth is at times a beneficial thing for a species‚ there are many factors that define when growth becomes detrimental. When population growth becomes "rapid" there is a great chance that the counter-productive level has been reached. The most accurate index is the balance between population and sustainability. 1. Rapid Growth o Rapid growth is a quick increase in population. The number concerned when calculating the population is the number of
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