Optimum population enables an economy to attain the highe...
Optimum population enables an economy to attain the highest level of
Industrial development
Income per head
Revenue generation
Economic development
Correct answer is B
The optimum population is a concept where the human population is able to balance maintaining a maximum population size with optimal standards of living for all people. The standard of living is measured by the per capita income of individuals. Optimum population yields maximum returns per head because people would be fully employed and adequately compensated and remunerated.
From the graph above, the price elasticity of demand is ...
Total fixed cost measures the cost of ...
Which of the following is not an advantage of tabular presentation of data? ...
Under the socialist economy, the decision on what to produce is determined by the ...
It is necessary to estimate the national income of a country because it ...
An increase in the prices of factor inputs may result in ...