The aging population might have a positive impact on the health care industry and negative impact on the baby product industry. These are called demographic impacts.
Explanation:
The demography is part of the geography that focuses on the human population and its characteristics. This scientific field uses statistics in order to give better representation of the general characteristics of the population. Some of the things that are of interest to the demography are the age structure of the population, birth rates, and death rates. The reason as to why these things are important in everything else, not just for the demographic statistics, is that they have huge impact on pretty much every other field.
- The lower the birthrates are, the more the population will age over time, as there will be fewer and fewer individuals for reproduction, and with the birthrate remaining constantly low, the average age of the population will go significantly up.
- This demographic trend will cause big harm to the baby product industry, as there will be much less babies, and as the time goes on the number will continuously drop.
- The aging population brings in big problems for a country, especially for the economy, as more and more of the population will live off of pensions, while less and less people will actually work and contribute tot he economy.
- While for the general economy an aging population is very bad, it is a blessing for the health care industry, as the older the population is, the more clients this industry will have, thus it will thrive.
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