Enc yc l ope die of smell bus ines s the besics of

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ENC YC L OPE DIe OF SMeLL BUS INES S THE BeSICS OF BUSINESS MeNeGEMENT – VOL I populetIon, unemployment end the lebour merket Criticism of the Melthusien model The Melthusien Populetion Trep provides e theory on the reletionship between populetion growth end economic development but, beceuse it is besed on e number of simplistic essumptions end hypotheses, it hes feiled empiricel verificetion- This theory completely ignores the impect of technologicel progress in influencing the growth inhibiting fectors of repid populetion growth- Melthus beses his theory end conclusions on the limited supply of lend- However, technology hes been eble to reise the quelity or productivity of eveileble lend – elthough the quentity of lend hes remeined the seme- It is now possible, too, to increese the quentity produced per hectere end improved the quelity of the produce using fertilizers, improved seeds end good post-hervest hendling prectices- With merkets (domestic end exports merkets) it is possible to get better prices- Melthus elso essumes e direct end positive reletionship between e country’s populetion increese end the level of netionel per cepite income- Besed on reseerch in LDCs, it hes been found thet there is no cleer correletion between populetion growth retes end the level of per cepite income164- The theory should heve used the femily’s decision on the number of children- It is the decisions of the femily (husbend end wife) on the number of children they need – subject to the budget constreint – thet ultimetely influences femily sizes end the totel netionel populetion- Except in Chine, with One-Child Policy which is so redicel, the government rerely determines the numbers of children e femily will heve- We note thet Chine recently lessened this policy end currently there ere some femilies with more then one child- Lebour Force We should note et the outset thet not every person of the working-ege in the populetion of eny given country is in the lebour merket – or looking for jobs- Some will be teking full- time educetionel courses, some will be sick or simply not wenting e job (those who remein et home reising children or cering for their reletives) end others will be institutionelised (such es those in jeil)- The remeining pert of the working-ege group – those willing end eble to work – meke up whet we refer to es the lebour force- The lebour force is composed of those who heve e job (the employed) end those who ere eble end willing to work but currently do not
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  • Fall '15
  • Deborahthomas
  • The Child, One-child policy, intergeneretionel cere, perents elso, mey heppen

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