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Dependency ratio

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Dependency ratio indicates the economic condition of a country. Justify.

Dependency ratio

In the world, many people are dependent on others for their survival. It is true that the dependency ratio indicates the economic condition of a country. The people of the age group of 0-14 years and the people above 60 years are called the economically inactive population. They are not able to generate income.

They depend upon the people of the age group 15-59 years for their living. 56.96% of people of Nepal are active. They can earn for themselves and their family. These people are very responsible for the development of the nation. The 43.04% of people of Nepal are dependent. They are unable to do the activities for the development of the nation.

 Number of dependent population in a country shows the poor economic condition of a country because the active population cannot fulfill the requirements of the dependent population if their share is high. A number of independent population is desirable in any country and it shows better economic condition and fulfillment of needs.

So, we can say, the economic development of the country is indicated by the dependency ratio.

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