Explain the concept of optimum population
The concept of optimum population
The optimum population is the ideal population which when combined with other available resources or means of production of a country yields maximum return or income per head.
Features of optimum population
- There is high production with maximum average product (AP)
- There is full utilization of resources since the existing population size equal to available resource
- There is advanced technology which is constant
- The birth rate is equal to death rate as there is no natural population growth.
- There is economic stability as aggregate demand is equal to aggregate supply
- There is full employment of labour as there are no problems of unemployment and under employment
- There is zero net migration i.e. migration is equal to emigration
- The resources are evenly distributed according to regions so that there is no overpopulation or under population
CATEGORIES Economics
TAGS Dr. Bbosa Science