At the present time, the popualtion of some countries includes a relatively large number of young adults, compared with the number of older people. Do the advantages of this situation outweigh the disadvantages?

The composition of the

population

of any country is an important factor in considering the overall health of the economy . It is no doubt that human capital is a pivotal resource that plays important role in overall development . Some

countries

have a larger number of young adults compared to older

people

.

This

trend offers

both

positives and negatives and in the subsequent ,paragraphs we will discuss

both

scenarios .

To begin

,

countries

which have a larger proportion of young adults compared with older

people

offer a better opportunity as a whole to grow. They have no dearth of youngsters who are hardworking and eager to grow and learn. They make a significant contribution to the GDP of the country and thereby help in the overall development of the economy. Since the age group is

the

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a

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relatively young pool they are not liable in form of health insurance or pensions that the government is required to pay . Since the liability of social security is lesser , the government can save

on

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a lot of money for other developmental work.

Also

,it is seen that youth spends a lot in order to ensure a better standard of living and

hence

spurts growth in the economy. The lifestyles that the rich young fellow in the country opens great markets for several businesses. The finest examples of

such

economies are India and China .

Both

countries

have young populations and are attractive as a market for products around the world. On the other ,hand economies, where

greater

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a greater

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proportion of

people

are

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is

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old,a greater proportion of

people

are old tend to slow down over time . The reasons for these are simply

the

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that

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effective leadership is lacking , skilled labour required is less and

hence

such

countries

are finding it hard to compete on a global scale . ,

Also

the ageing

population

becomes a liability to the public chequer rather than an asset and the development of the

countries

takes a hit .

Although

advantages of having an older

population

are that they help in better transfer of leadership skills and ensure great lessons for the

next

generation To hammer the

last

nail, I would like to conclude that having a relatively younger

population

has several advantages and often outweighs the disadvantages .Efforts must be made to maintain a healthy balance of

both

the

population