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As Kenya’s economy strives to do well, most Kenyans are bound to live beyond 70 years. Outline four negative effects of an ageing population...

As Kenya’s economy strives to do well, most Kenyans are bound to live beyond 70 years. Outline four negative effects of an ageing population to Kenya’s economy.

Answers

william
i) Low labour supply.
ii) Increase in welfare costs.
iii) Dependency ratio increases.
iv) Fall in demand/market for goods/services required by the youth.
v) Need to import labour that affects foreign exchange reserves.
vi) Rigidity to change.
vii) Less progressive flow of savings/investments
viii) Collapse of industries producing goods for youths.
steve williams answered the question on November 6, 2017 at 08:04

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