'Population acts as both asset and liability for the nation '. Justify the statement by examples?

Question

Answer

Population acts as both an asset and liability. The working people of a nation are it's asset. They work for society's as well as for nation's progress. They also contribute in economic development. Example - Person who is working means not depend on others and earn for his consumption.

Some are liability as they are burden on society as well as on nation . They cannot do anything for nation's growth even . The nation have to do everything for them. They are totally dependant on others.Example - Person who is unhealthy or uneducated and anyone else has to his all work. One who even cannot earn for his self consumption.

Answer

*The population is an asset as after proving investment on human resource can developed .

*They can be a part of member of who work for growth and development of country's GDP.

*As more human resource means more production, which lead to decrease in poverty.

*Country can easily chase the problem of dependent on other.

*Citizens of country live prosperous and healthy life.

Answer

Introduction:
Population plays a crucial role in the development and progress of a nation. It can act as both an asset and a liability depending on various factors. In this response, we will explore the statement 'Population acts as both an asset and liability for the nation' by providing examples and explanations.

Population as an Asset:
1. Economic Growth: A large population can contribute to economic growth as it provides a larger labor force, driving production and innovation. For example, countries like China and India have harnessed the potential of their large populations to become major players in the global economy.

2. Consumer Market: With a larger population, there is a larger consumer market, leading to increased demand for goods and services. This can attract investments and stimulate economic activities. For instance, multinational companies often target countries with a large population to expand their customer base.

3. Diverse Skills and Talents: A larger population brings a diverse range of skills and talents, which can be utilized for the overall development of a nation. This diversity can lead to innovation, creativity, and a more competitive workforce.

4. Human Capital: A well-educated and skilled population can be considered as human capital, which is an asset for a nation. Skilled individuals contribute to the growth of various sectors such as technology, healthcare, and education.

Population as a Liability:
1. Overpopulation: When the population exceeds the carrying capacity of the nation, it can strain resources and infrastructure, leading to issues like overcrowding, unemployment, and poverty. This is particularly evident in many developing countries.

2. Dependency Burden: A large population with a high percentage of dependent individuals, such as children and the elderly, can create a burden on the working-age population to support them financially. This can strain the economy and social welfare systems.

3. Pressure on Resources: A rapidly growing population puts pressure on natural resources like water, land, and energy. This can lead to resource depletion, environmental degradation, and conflicts over scarce resources.

4. Social Challenges: Managing a large and diverse population can pose social challenges such as maintaining social cohesion, addressing cultural differences, and ensuring equitable distribution of resources and opportunities.

Conclusion:
In conclusion, the statement 'Population acts as both an asset and liability for the nation' is justified by the examples provided. Population can be an asset when it contributes to economic growth, provides a consumer market, brings diverse skills, and enhances human capital. However, it can also be a liability when there is overpopulation, a dependency burden, pressure on resources, and social challenges. It is essential for a nation to effectively manage and harness the potential of its population to maximize the benefits and minimize the liabilities.

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