1.

List the advantages of the increase in labor force participation rate and disadvantages due to increase in dependency rate. Advantages due to increase in labor force participation rate.

Answer»
  • It leads to the progress of the nation.
  • Per capita income will increase.
  • Standard of living of the people will increase.
  • Increase in production of goods and services.
  • Natural resources can be utilized properly.

Disadvantages due to increase in dependency rate

  • Economic progress of the country will decrease.
  • It decreases percapita income.
  • Standard of living of the people will decrease.
  • Production of goods and services also will decrease.


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