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For this individual project, I chose population as my topic of economic concern. This economic concern effect several countries in the world today. A large population produces a large labor force which will in turn produce more total production. With a fixed amount of assets and an increasing labor force, the amount of assets per worker will be less. With fewer assets, production output per worker will be less because the worker won't have enough equipment and machines to use. This demonstrates the principles of diminishing returns. The quantity of wealth by total GDP (Gross Domestic Product) carries a perverse incentive to boost population and cause further environmental harm, and is not a guide to individual standards of living within a country. The growth of gross domestic product can be constrained by high dependency ratios, which result when rapid population growth produces large proportions of children and youth relative to the labor force. Because governments and......

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Approximate Word Count: 894
Approximate Pages: 4 (250 words per double-spaced page)

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