3. Population Change
Population change is the term used to describe changes
in the total number of people residing in a certain
geographic area over time and it is generally assessed
in terms of increase or decrease in population .
There are number of factors which helps in depicting this
like emigration, birth rate ,death rate ,etc
4.
5. FACTORS:
ECONOMIC SYSTEMS – It refers to the mechanism which
deals with production ,distribution and consumption of goods
and services. Three type of economic systems are as follows
1)Capitalism
2)Socialism
3)Mixed Economy
6. .
Capitalism – A Capitalistic economy is an economy
where the laws of demand and supply are operated
freely. It is one which is characterized by private
ownership of the means of production ,individual
decision making to carry out the decision and
facilitation of goods and services in market .
For example –USA ,UK ,GERMANY ,etc
7. Socialism- It is an economic system where
the means of production are either owned or
controlled by the state and where the
resource allocation ,consumption ,etc are
directed and regulated by the state.
For example - CHINA
8. MIXED ECONOMY
The Mixed economic system depends on both
markets and governments for allocation of
resources . Its aim is to develop a system
which tries to include the best features of both
the capitalist and socialist economy while
exclusion of their demerits .
EXAMPLE -INDIA
9. ECONOMIC CONDITIONS
The Economic conditions of a nation refer to a
set of economic factors that have great
influence on business organizations and their
operations which includes GDP ,Per capita
income, interest rates, inflation ,etc.
All these factors generally tells the state of
economy whether it is performing well or not .
11. CONCLUSION
The relationship between population change and economic
environment is multifaceted and complex. By analyzing
and understanding these dynamics are critical for
government, businesses and individuals to make informed
decisions ,allocates resources effectively ,plan for the
future and promote sustainable economic development for
societal well-being .