Which of the following is a major demographic force?
A)Changing technology
B)Increases in consumer spending
C)Increases in competition
D)Changing age distribution

Question

Quizplus · Accepted Answer

Demographics refer to the statistical characteristics of human populations, such as age, gender, race/ethnicity, income, and education. Changing age distribution is considered a major demographic force because it can have a significant impact on social, economic, and political trends. For example, an aging population may create greater demand for healthcare and retirement services, while a younger population may drive demand for education and technology. Understanding demographic trends is crucial for businesses and policymakers to make informed decisions and anticipate future changes.

Which of the Following Is a Major Demographic Force