The Correlation between Population Grown and Economic Growth

1.0 Introduction Population growth and economic development have been intertwined since historic times. The question of these two detrimental factors being correlated with one another has been the topic for debate time and time again, but even today controversies among them exist. Our economy has withheld the impact of war, immigration, and depressions and stands today at a much higher point than it did decades ago. The concern is not with where the economy stands today, but where it will be in the long run. The long run can be anywhere from one year to a substantial time gap. When considering long run economic growth we must also take into account population growth. In order to further understand this relationship we must define the term long run economic growth. Long run economic growth refers to rise in GDP per capita, which measures individuals’ material standard of living. Apart from material needs, one must also consider human wellbeing, which is individual happiness based on income, emp loyment, and other resources available that increase standard of living. Many economists believe that population growth ultimately will have a positive correlation with economic growth in the long run, I disagree. After thorough research of relevant theories and considering the points of both sides of the controversial topic, I believe exponential population growth will have an adverse effect on long run economic growth. 2.0 Factors of Population Growth There are many factorsShow MoreRelatedFarming Is Not A Feasible Method Of Producing Food For The Planet1560 Words   |  7 Pagesidealism has been widely glorified, and ignorantly so, for being the standard of sustainable farming. 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