The growing population has increased the work force due to more young people in the population. Family attachment is high. People are able to cultivate their own crops within their family on a small scale. However some demerits are: Infant mortality and widespread AID have increased the Death Rate due to poor medical awareness and facility. Growth in the economy is very slow due to more population.
Merits of modernization include improved technology, infrastructure, and living standards. It can boost economic growth and productivity. Demerits may include cultural erosion, environmental degradation, and social inequalities resulting from uneven development.
Merits 1.easy to establish 2.flexible 3.division of risks 4.strong credit position 5.less governmental regulation 6.improved chance of growth demerits 1.unlimited liability 2.instability 3.limited resources 4.lack of harmony of interest 5.conflicts
africa
The Industrial Policy of 1991 in India aimed to liberalize the economy by reducing government intervention and promoting private sector growth. Merits include increased foreign investment, modernization of industries, and improved competitiveness. Demerits include challenges for small-scale industries, widening income inequalities, and environmental concerns due to unchecked industrialization.
Africa has the highest population growth rate among all the continents. This is due to factors such as high fertility rates, improving healthcare, and declining mortality rates, leading to rapid population expansion.
Congestion and lack of resources is the effect of population growth in North Africa and Southwest Asia. Poverty and famine also are effects of population growth.
Merits: Adam Smith's "The Wealth of Nations" laid the foundation for modern economics by introducing concepts such as the invisible hand, division of labor, and free markets. It emphasized the importance of self-interest in driving economic growth and productivity. Demerits: Critics argue that Smith's focus on self-interest and free markets can lead to income inequality, exploitation of workers, and environmental degradation. Additionally, some suggest that his ideas may not be applicable to all economic systems or societies.
Africa has the highest population growth rate among continents, with many countries experiencing rapid increases in population due to high birth rates and improving healthcare leading to longer life expectancy.
Population growth
Africa has the highest rate of population growth among all the continents. Its population is projected to double by 2050.
I think it is Africa
The country that experienced the largest growth in population between 1960 and 2000 in North Africa is Nigeria.