Question

How young population effect economic development? example regarding to employment?

short answer required

Answer 1

Young population has the potential to work more and contribute towards economic development. They have will power and stamina to raise their productivity. They have skills, education,technical knowledge and updated market information to increase their earnings. This will have a good impact on economic development. The employment of young population will increase revenue of the country. Young population need good education and employment opportunities to participate in the country's economic growth.

Suppose a company hires young people for its various positions, give them training and required facilities, they will generate more revenue for the company. More revenue for an organization means there is continuous growth in the economy.

As the young generations are more productive, their consumption will increase. The more they consume, the more will be the production of goods and services which leads to economic development. The young population believe in investing not holding money as idle. More investments have a positive impact on the long-term economic growth. Young population invest more in the housing market as they need to plan for their future life, this will increase economic growth.

So young population have positive impact on the economic development.