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Question
How does a demographic dividend benefit a country?
Long Answer
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Solution
- Economic Growth: A large working-age population can increase production and contribute to faster economic growth.
- More Employment and Income: More people working can increase household incomes and improve living standards.
- Higher Savings: Working people can save more, which can increase investment in businesses and development.
- Greater Productivity: A young, educated, and skilled workforce can bring new ideas, skills, and innovation.
- Better Development: Increased government revenue from economic activity can support education, healthcare, infrastructure, and other public services.
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