what happens to the economy if population growth reaches 0%?

Question

I googled it but i dont understand half the stuff i read coz i got no knowledge of economy and so on... so i just wonder if anyone can give like one sentence of something like whether the economy stops growing or not... i dont need details...

Answer 1

Other people have touched on it, but population growth is not the only cause of economic growth in an exogenous growth model.

There are also:

-Technological advancement
-Availability of capital (on a per worker level; in fact as population growth declines this number increases)
-Savings rate in the economy
-Investment/depreciation rates


On an industry level, this development would likely impair housing markets as there would not be as much room for housing growth outside of replacement/repair markets.

Answer 2

The economy would not necessarily stop growing. People would need to become more productive to keep it growing. That happens due to technology, longer work day, etc. Technology is the biggest factor. Think about what happened when the cotton gin was invented. Now one person could do the work of 10 people. That freed up the other 9 people to be productive in some other way. As long as technology kept improving, which it would, we would continue to see some kind of growth in the economy, but it wouldn't be as big.

Answer 3

Economic activity increases ("the economy grows") if increased demand is met, in the most general sense.

Population growth takes care of much of the increased demand. Some speculate the rise in divorces (which led to a higher number of households in the U.S.) also fed growth. But the only way for 0% population growth to bolster economic activity is if consumption increases (ie, people eat more, drive more, buy more), or planned obsolescence increases (ie, products must be replaced sooner).

Answer 4

In the context of stagnant population growth, clarity could help in providing good information. Reason is population growth could mean the population has STOPPED growing because no new entry, or the rate of entry (by birth of immigration) is equal to the rate of exist (by death or emmigration).

In the first scenario, the economic would continue to grow as long as the working class is able to product more good than can be consumed by the population.

In the second scenario, the economic growth would remain if the working population class remains stable and (or) technology is in place to ensure that consumption remains below production.

Answer 5

Okay, in one sentence.

Population growth is a factor in a country's production, but if there is 0% growth, other factors including technology and increasing the amount of capital (machinery etc) per worker can continue to increase a country's production.

Peace

Answer 6

Tim H got it right!

Population growth and economic growth are not directly linked. There are ways that they are related, but the relationship is complicated and not worth your trouble to chase down if you are not REALLY interested in economics or demographics.

FYI: In the US, there is concern because immigration is keeping our population numbers stable. However, many of the immigrants are unskilled workers who do not have the technical skills we need to stay globally competitive. Bill Gates, just yesterday, talked to Congress about allowing more technically skilled workers in to the country to help offset this problem.

Hope this helps,
Good luck

Answer 7

It never existed, because it replaced into never intentional by skill of God. every person of God's creatures have been initially meant for inhabitants growth, human and animal. If that wasn't the case, we does no longer be born with the aptitude to reproduce. It replaced into the blunders that have been wiped sparkling up - like the dinosaurs and different speciest that have been worn out. And the errors of God by skill of giving people sufficient intelligence to be certain present day drugs. consequently, now even the unworthy people no longer entrusted by skill of God to have little ones - nonetheless are, by present day fertility technological awareness. God is existence. And if it wasn't for the certainty that our mothers and dads ought to reproduce to create us - none people could be right here authentic now.

Answer 8

At that point, the economy wouldn't grow at all, because there needs to be a population growth so more workers=more production

Answer 9

we all will die with starviation