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Meaning of population

Population refers to the total number of people residing in a place. So, population of India means the total number of people living in India.


Merits of huge population
Demerits of huge population
More work force for production
Pressure on means of subsistence
Market for goods produced
Increased consumption and reduced savings
Promotion of innovative ideas
Higher expenditure on social activities i.e., infrastructural facilities
Promotes division of labour and specialization
Increase in dependency and unemployment
Reduction in savings and the rate of capital formation

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