Economics Supply And Demand Questions
Population growth refers to the increase in the number of individuals in a particular population over a specific period of time. It is influenced by factors such as birth rates, death rates, immigration, and emigration. Population growth has significant implications for various aspects of economics, including supply and demand. A growing population can lead to increased demand for goods and services, which can stimulate economic growth. However, it can also strain resources and infrastructure, potentially leading to inflation, unemployment, and environmental challenges.