Changes in demographics - in the nature of human populations - mean changes in markets.

Question

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Demographics play a crucial role in shaping markets as they represent the characteristics, preferences, and behaviors of a population group. Any change in demographics such as age, income, education, ethnicity, and gender will inevitably have a significant impact on the markets. For example, an aging population may increase the demand for healthcare services and retirement products, while a growing number of millennials may drive the demand for technology, travel, and organic products.

Changes in Demographics - in the Nature of Human Populations