LEDC and MEDC Economic and Social Issues

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LEDC and MEDC Analysis

The population in the UK is forever ageing, with people living until a much older age today. One economic effect of this is that pensioners will, in time, outnumber children. This will mean that there will be a generation between certain ages that has a very low population and once this age band becomes part of the working population, there will be significantly less tax revenues for the government. This will indirectly affect the economy. In addition, there may be a large deficit, where the about being paid into the economy is less than the amount being paid out. Because pensioners require healthcare, disability benefits and state pensions, there may be a lot of money going out to the high number of pensioners and because there are much more older dependant people the working population cannot produce enough make sure there is stability. This could also mean there is a great burden on the health service. When people are older, they require much more healthcare, and so the health services in the UK will have more pressure as there are so many older people.

There are also many social costs. One is that with more people becoming older, the death rate will be high, but the birth rate remains low as there are so many older people and very few people are young enough to give birth. This will mean the population could decrease. Additionally, when there are more elderly people, the healthcare system cannot cope, there will be a sudden need for more old people’s homes and this will put pressure on the NHS.

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However, there are some positive economic impacts. There will be a growing market for products such as stair lifts and wheel chairs. Also, companies like hotels will have a wider spread of profits throughout the year because pensioners. There may also be an increase in private healthcare profits because many elderly people who are rich can afford to have private healthcare. There is also an increased life expectancy and lower death rates in the country as more people are living and for a long time.

Caatinga in north Brazil is a rural area that is home to mostly poor ...

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