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Demographic and Social Change

There are several factors currently driving the megatrend of demographic and social change:

  • longer life-expectancy leading to an aging population in many advanced economies and China. In Western Europe, one in five people are over 65 years old. In Japan, this increases to approximately a third of its population. An aging population has ramifications for healthcare, employment and pension provision.
  • There is a rapidly growing population in developing countries. Due to the lack of a matching number of employment opportunities in these countries, this growing population may be forced to emigrate to seek work. Currently, the African continent is seeing the biggest growth in population.
  • Technological developments have automated many processes and altered the way people work. For instance, many car production lines have seen people replaced by machinery. Cloud computing and video conferencing have made it easier to work remotely or from home. Developing technology has created new employment opportunities but with a need for a completely fresh skill set.

Demographics are the characteristics of people that change over time, whereas social change is the evolution of people’s behaviors or cultural norms over time. Strong social change movements have often been influenced by demographic changes, including: Ending poverty and hunger.

What are the demographic factors of social change?

Three variables can cause the size of the population in a given region to change: births, deaths and migration. Demographers measure these factors in terms of their rates. Birth Rate: Birth rate (or more specifically the crude birth rate) is the number of live births per year per 1,000 population.

What are social and demographic factors?

Socio-demographic variables include, for example, age, sex, education, migration background and ethnicity, religious affiliation, marital status, household, employment, and income. They include, for example, socio-economic status, which combines information on education and income.

What are the 3 causes of social change?

Summary. There are numerous and varied causes of social change. Four common causes, as recognized by social scientists, are technology, social institutions, population, and the environment. All four of these areas can impact when and how society changes.

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What are six factors that stimulate social change?

The six factors that stimulate social change include the following:

  • Technology.
  • Population.
  • War and conquest.
  • Diffusion.
  • Values and beliefs.
  • Physical environment.

What is the impact of demographic change?

Demographic change can influence the underlying growth rate of the economy, structural productivity growth, living standards, savings rates, consumption, and investment; it can influence the long-run unemployment rate and equilibrium interest rate, housing market trends, and the demand for financial assets.

What are demographic factors?

The common variables that are gathered in demographic research include age, sex, income level, race, employment, location, homeownership, and level of education. Additional demographic factors include gathering data on preferences, hobbies, lifestyle, and more.

What are the five theories of social change?

Among the general theoretical explanations offered for understanding social change are geographical, biological, economic and cultural. All these we have discussed in the previous section.

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Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

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