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Read the case study given below and answer the questions that follow:
“Population ageing is the process by which the share of the older population becomes proportionally larger. This is a new phenomenon of the 20th century.
In most of the developed countries of the world, the population in higher age groups has increased due to increased life expectancy. With a reduction in birth rates, the proportion of children in the population has declined.”
Lower birth rates and falling working-age populations reduces the opportunities to generate growth on the:
  • a)
    domestic market
  • b)
    education system
  • c)
    population management
  • d)
    medical facilities
Correct answer is option 'A'. Can you explain this answer?
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Read the case study given below and answer the questions that follow:...
Lower birth rates and falling working-age populations reduces the opportunities to generate growth on the domestic market.
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Read the case study given below and answer the questions that follow:...
Explanation:
The given statement talks about population ageing, which is the process where the proportion of the older population becomes relatively larger. This is a new phenomenon of the 20th century, where most of the developed countries have seen an increase in the higher age groups due to increased life expectancy. But with a reduction in birth rates, the proportion of children in the population has declined. This has led to various implications, including a reduced working-age population, which affects the opportunities to generate growth.

Reduced opportunities for growth:
The reduction in birth rates and falling working-age populations have a direct impact on the opportunities to generate growth. This is because the working-age population is responsible for driving economic growth, contributing to the workforce and paying taxes. With a decline in this population, the opportunities to generate growth reduce significantly. Therefore, the statement implies that the impact of population ageing on the domestic market is significant.

Impact on other areas:
Although the statement only talks about the domestic market, population ageing has implications on other areas as well, including:

- Education system: With a decline in birth rates, the number of children in the population reduces, leading to a lesser demand for educational services. This can have an adverse impact on the education system, leading to a reduction in the quality of education and a shortage of skilled professionals.
- Population management: As the proportion of older adults increases, there is a need to manage their health and well-being. This can put a strain on the healthcare system, leading to increased healthcare costs and a need for specialized services.
- Medical facilities: With an increase in the older population, there is a need for specialized medical facilities that cater to their needs. This can lead to a strain on the existing medical infrastructure, thereby affecting the quality of healthcare services.

Conclusion:
In conclusion, the statement implies that population ageing has significant implications on the domestic market, as it affects the opportunities to generate growth. However, it also has implications on other areas, including the education system, population management, and medical facilities. Therefore, policymakers need to develop strategies that address these challenges and ensure sustainable growth.
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Read the case study given below and answer the questions that follow:“Population ageing is the process by which the share of the older population becomes proportionally larger. This is a new phenomenon of the 20th century.In most of the developed countries of the world, the population in higher age groups has increased due to increased life expectancy. With a reduction in birth rates, the proportion of children in the population has declined.”Lower birth rates and falling working-age populations reduces the opportunities to generate growth on the:a)domestic marketb)education systemc)population managementd)medical facilitiesCorrect answer is option 'A'. Can you explain this answer?
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