What are the ways to convert population from people liability into asset?

What are the ways to convert population from people liability into asset?

A large population can be turned into a productive asset by investment in human capital by spending resources on education and health for all, training of industrial and agricultural workers in the use of modern technology, and useful scientific researches, etc.

How can population be an asset?

For low-income countries with high underemployment, a large population is an asset rather than a liability. The high proportion of young people in the population will mean an increase in our workforce if a higher proportion of women enter the workforce.

Which type of population is the asset of the economy?

Population is an asset rather than a liability because if some money is spend on human resources, people would get better education which would lead to more people doing skilled work because of which the GDP would increase as many people will work together.

Why is population referred as an asset class 9?

Population is considered an asset because they can work to add to the economy of a country.

Is a large population a liability or an asset?

For many decades in India, a large population has been considered a liability rather than an asset. But a large population need not always be a liability. It can be turned into productive asset by investment in human capital.

What is unemployment suggest any three ways to transform population load into an asset?

The three ways to transform population load into an asset are:i To improve literacy rate: Education provides new aspirations and developed values of life. Education helps in enhancing the national income cultural richness and increases the efficiency of governance.

Is population a asset or liability?

Large population can be an asset as it is mixed talents which will subsequently lead to progress. We have the largest human resource; their power can be utilized for development and education. A growing population is a liability for our nation’s growth. The high growth rate hampers the economic development of India.

Is considered the greatest asset of a nation?

The greatest assent of the nation is health and educated population.. ……

What are the liabilities for the economy?

Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Is population an asset or liability class 9?

Class 9 Question. Population acts as both an asset and liability. The working people of a nation are it’s asset. They work for society’s as well as for nation’s progress.

Is population an asset or liability?

Why is a large population good?

A larger population, in itself, creates demands for education, health, transport and general services that generates jobs, tax revenues and enhanced economic activity.

Is the growth of the population an asset or liability?

Everybody look on the one side of the coin, they see population growth as liability rather than an asset .If we channelize this population in a right way then it will definitely be proved a boon .

Is the Indian population an asset or liability?

Now the question arises India’s population is an Asset or Liability ? Everybody look on the one side of the coin, they see population growth as liability rather than an asset .If we channelize this population in a right way then it will definitely be proved a boon .

How is the growth of the economy related to demographics?

How Demographics Drive The Economy. There is a very simple accounting relationship when identifying the sources of economic growth: Growth Rate of GDP = Growth Rate of Population + Growth Rate of GDP per capita, where GDP per capita is simply GDP divided by population.

How does the demographic dividend affect the economy?

Demographic dividend refers to the growth in an economy that is the result of a change in the age structure of a country’s population. A mature economy is the economy of a nation with a stable population and slowing economic growth. Per capita GDP a metric that breaks down a country’s GDP per person.

What is the definition of liabilities in concept statement No 6?

A formal definition of liabilities presented in Concepts Statement No. 6 is as follows: Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events.

How are current liabilities related to current assets?

Because current liabilities are by definition tied to current assets and current assets by definition are tied to the operating cycle, liabilities are related to the operating cycle. Leon Wight, a newly hired loan analyst, is examining the current liabilities of a corporate loan applicant.

What makes something an asset or a liability?

An asset is therefore something that is owned by you, or something that is owed to you. Therefore, a $10 bill, a desktop computer, a chair, or a car are all assets. If somebody owes you money, that loan is also an asset because you are owed that amount (even though the loan is a liability for the one paying you back).

Why is a determinable current liability susceptible to precise measurement?

A determinable current liability is susceptible to precise measurement because the date of payment, the payee, and the amount of cash needed to discharge the obligation are reasonably certain. There is nothing uncertain about (1) the fact that the obligation has been incurred and (2) the amount of the obligation.