Population growth can be both a positive and negative factor for living standards. Explain why this...

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Population growth can be both a positive and negative factor for living standards. Explain why this...

Population growth can be both a positive and negative factor for living standards.

Explain why this is so.

business economics

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Answer 1

Answer #1

Population growth can be a positive factor because a larger population means a larger labor force which can produce more goods and services. This means there is more goods and services in the economy for consumption.

Population growth can be a negative factor because a larger population means more competition for the limited amount of resources.

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Answer 2

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