A major effect of ageing population is

Assessment: WAEC SSCE - Economics - 2004 (Objective) Subject: Economics

Question 1 Report

A major effect of ageing population is
Answer Details
An ageing population refers to an increase in the proportion of elderly people in a population over time. One major effect of ageing population is a reduced labour force, as more people retire and leave the workforce. This can lead to a shortage of workers in certain industries, which can have negative effects on economic growth and productivity. Additionally, an ageing population may also increase the demand for healthcare services and social welfare programs, which can lead to a rise in the price of commodities and increased strain on government budgets. However, a reduced infrastructure and neglect of agriculture are not necessarily direct effects of an ageing population.

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