https://img.leopedia.io/DQmcwrz74E7L91WgtyN4TB6V3kyR9H2XiWjXXyKWVTmGUpb/people-334110_1920.jpg [IMAGE SOURCE](https://pixabay.com/photos/people-audience-dimensions-334110/) Population is the total number of people living in a geographical area at a particular period. We have the situation of underpopulation, Optimum population and overpopulation. Under Population is a case where the number of people living in a geographical area is less than the available resources in that given location resulting in deprivation of economic growth of the society. An optimum population is a case where both the resources of a society and the number of people living in the geographical area are at an equilibrium resulting in the high standard of living and efficient use of the available resources. Overpopulation is a situation where the resources available are less than the number of Population living in a geographical area leading to a lowered standard of living. overpopulation and underpopulation have their merits and demits, An overpopulated area automatically equates to a large labor force resulting in a reduction in labor cost and comparative advantage on a global scale, a country with a high population tends to have a high number of people who are willing to work leading into a high supply of labor in relations to its demand bringing down the cost of labor to a minimum. Cheap labor translates to a low cost of production leading to cheaper goods in comparison to a country with a low or small population. Another advantage of a large population is that it increases the market demand allowing producers to produce more goods at lower prices efficiently, since there is a market for products and services and those goods and services have ready consumers, the producers are encouraged to produce more. A large population attracts multinational corporations and foreign direct investment as a result of a cheap and high supply of labor. https://img.leopedia.io/DQmZxN46JkjQ7gmBAcz65W1utd2bcXMSwnsw7aQbn2DT6Qr/face-1987212_1920.jpg [IMAGE SOURCE](https://pixabay.com/photos/face-woman-old-infant-young-child-1987212/) An overpopulated society can eventually result in scarcity, especially for societies that are solely dependent on mainly their natural resources, increased demand for such will result in them being scarce, causing an increase in the prices of goods and services in the society. The idea of a government providing incentives to families to have only a certain number of children may not be completely ideal, due to the reasons below: The solution of controlling population growth through incentives to discourage giving birth to more than a certain number of children by families in society may create social and demographic imbalance, causing an economy to have uneven distribution regarding age and gender. This could have a heavy negative effect on the economy of any society. This solution will also create a situation in the long run where a higher number of the population is aging and old, leading to less labor force and more of its population as dependents needing support in finance and health care. This kind of situation may result in stagnant and declining economic growth. An economy having its workforce decreasing with an increase in the aging population will hinder the progress of its economy. Thank you for reading my post, my name is @rishagamo and this is my response to the Hive Learners Weekly Featured Content Week 164 Episode 01 – “POPULATION". Posted Using [INLEO](https://inleo.io/@rishagamo/what-is-the-effective-solution-to-population-control-edo)
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huhm, I love your approach, a very strong point you made there, with time, an uneven age and gender distribution will seriously weaken the country’s workforce. If too many people are aging with fewer young people to replace them, it puts a heavy strain on the economy and social systems. Theres the need for balance. Thanks a lot for sharing.
author | marsdave |
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thank you for coming by
author | rishagamo |
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Very much welcome.
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<center> Your post has been curated from the @pandex curation project. Click on the banner below to visit our official website and learn more about Panda-X. [](https://peakd.com/panda-x/@panda-x/panda-x-offical-launch-or-or-announcement)</center>
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