What is the importance of studying demography/population?
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What is the importance of studying demography/population?
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Answer:
The study of demography is of immense importance to an economy. Population studies help us to know how far the growth rate of the economy is keeping pace with the growth rate of population.
Answer:
The study of demography is of immense importance to an economy. Population studies help us to know how far the growth rate of the economy is keeping pace with the growth rate of population. If population is increasing at a faster rate, the pace of development of the economy will be slow.
Explanation:
Demography is the branch of social sciences concerned with the study of human populations, their structure and change (through births, deaths, and migration), and their relationship with the natural environment and with social and economic change. Demographic indicators could include population size, population growth rate, crude birth rate, crude death rate, total fertility rate, life expectancy and infant mortality . As well, it would include estimated and projected gender and age distributions according to medium, high, low and constant fertility variants. In short, demographic changes affect all areas of human activity: economic, social, cultural and political.
Those who follow this field of social science believe demographics can play a crucial role in understanding past trends and in preparing for future developments and policies. Furthermore, they believe that understanding demographic developments can provide important explanations of observed economic and social trends. Consequently, demography becomes an important ingredient in public policy analysis and development.