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?

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The composition of the
population
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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
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have a larger number of young adults compared to older
people
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.
This
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trend offers
both
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positives and negatives and in the subsequent ,paragraphs we will discuss
both
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scenarios .
To begin
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,
countries
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which have a larger proportion of young adults compared with older
people
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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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apply
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a lot of money for other developmental work.
Also
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,it is seen that youth spends a lot in order to ensure a better standard of living and
hence
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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
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economies are India and China .
Both
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countries
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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
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are
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is
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old,a greater proportion of
people
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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
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such
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countries
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are finding it hard to compete on a global scale . ,
Also
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the ageing
population
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becomes a liability to the public chequer rather than an asset and the development of the
countries
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takes a hit .
Although
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advantages of having an older
population
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are that they help in better transfer of leadership skills and ensure great lessons for the
next
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generation To hammer the
last
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nail, I would like to conclude that having a relatively younger
population
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has several advantages and often outweighs the disadvantages .Efforts must be made to maintain a healthy balance of
both
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the
population
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Submitted by kartikmalik01 on

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