How can large population be turned into a productive asset? Explain. ...
if the population is educated and add values to the national income then they are asset , if they do not then they are liability.
How can large population be turned into a productive asset? Explain. ...
Invest in Education and Training:
Investing in education and training programs can help equip the large population with the necessary skills and knowledge to contribute productively to the economy. This can include vocational training, job skills development, and access to quality education.
Create Job Opportunities:
By creating job opportunities through infrastructure development, entrepreneurship support, and foreign investment, the large population can be engaged in productive activities that benefit both the individuals and the economy as a whole.
Promote Innovation and Entrepreneurship:
Encouraging innovation and entrepreneurship can unleash the creative potential of the population, leading to the development of new products, services, and industries. This can drive economic growth and create employment opportunities for the population.
Provide Access to Financial Resources:
Ensuring access to financial resources such as microloans, credit facilities, and savings programs can empower the large population to start businesses, invest in education, and improve their livelihoods. This can turn them into productive assets for the economy.
Support Health and Well-being:
Promoting health and well-being through access to healthcare, nutrition programs, and social support services can improve the productivity and quality of life of the population. Healthy individuals are more likely to contribute effectively to the economy.
In conclusion, by investing in education and training, creating job opportunities, promoting innovation and entrepreneurship, providing access to financial resources, and supporting health and well-being, a large population can be turned into a productive asset that drives economic growth and development.
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