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predict how an aging population can affect a country's economy.

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The effects of an aging population on a society can be seen by its economic output. As the population ages, less workers are available to maintain production in both industry and business. Another factor is the cost that an aging population places on the government. In many societies, it is customary for children to take care of their parents when they reach old age. An aging population means that many elderly will be left without caregivers. This burden is passed on to the government, which is forced to provide social programs to care for the elderly. With lower economic output and increased government costs, an aging population is a serious challenge for a country's economy.

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answered 9 months ago
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Answer:

The effects of an aging population on a society can be seen by its economic output. As the population ages, less workers are available to maintain production in both industry and business. Another factor is the cost that an aging population places on the government. In many societies, it is customary for children to take care of their parents when they reach old age. An aging population means that many elderly will be left without caregivers. This burden is passed on to the government, which is forced to provide social programs to care for the elderly. With lower economic output and increased government costs, an aging population is a serious challenge for a country's economy.

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answered 9 months ago