Sharp Daily
No Result
View All Result
Tuesday, July 1, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

The Essence of a Young Population in Any Economy

Benson Muriithi by Benson Muriithi
March 30, 2023
in News
Reading Time: 2 mins read
[Photo/Courtesy]

[Photo/Courtesy]

A young active nation is of utmost importance to the economy of a country. The younger population is considered to be the future of any country and a significant driver of economic growth. They bring new energy, ideas, and innovation to the workforce and create a ripple effect on the economy. A young and active population creates a vast potential market for businesses and leads to a high consumer demand. This demand drives businesses to increase production, thereby creating more job opportunities and contributing to the growth of the country’s economy.

Additionally, a young and active population is more likely to be highly educated and have a better understanding of the latest technologies, which leads to increased productivity and innovation. The younger generation is also more likely to be entrepreneurial, creating new business opportunities that stimulate economic growth. They are likely to take risks and invest in new ventures, which in turn increases the country’s GDP.

Read: Economic Development Requires A Lasting Formula For A Stable Republic

Furthermore, a young and active population has a positive impact on the country’s social welfare programs. As they are still in their prime, they are less likely to depend on government welfare programs, which translates to lower public expenditures. This, in turn, allows the government to allocate more funds to other essential sectors such as infrastructure, education, and healthcare. Consequently, this leads to an overall improvement in the standard of living, which results in a better quality of life for the citizens.

RELATEDPOSTS

No Content Available

In conclusion, a young and active population is crucial to the economic growth of any country. They contribute to the creation of new jobs, businesses, and innovations, which stimulate economic growth. They also help reduce government expenditures on social welfare programs, allowing more funds to be allocated to other essential sectors. A young and active population is, therefore, an essential resource for any country that seeks to achieve sustainable economic growth and development.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

I&M Bank Announces a Net Profit of Kshs 11.2 Billion in FY’2022

Next Post

Ruto Assures Investors of a Predictable Tax Regime

Benson Muriithi

Benson Muriithi

Related Posts

News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025

LATEST STORIES

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024