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The standard of living increases with the density of the population.
A higher standard of living comes from an efficient division of labor and increased trade. When each member of a society is allowed to do what they can do with the greatest competitive advantage and freely trade the results of their labor and other resources with others who do the same it results in the highest possible standard of living. A larger population provides for a more efficient use of resources, including labor, by increasing the opportunity of trading what one does best for that produced by another.
Examples of high population density with a lower standard of living, when found, can be explained by restrictions placed on the trade or interactions of the people.
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How growth in the GDP may impact negatively on the standard of living of a country?
two ways in which growth in a country's gross domestic product may negatively impact the country's standard of living
Which measures improvements in the standard of living in a nation?
Growth of real GDP per Capita
Why is productivity growth important to countries?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
Does the increase in the GNP reflect the standard of living and economic welfare?
An increase in the GNP does not always reflect the standard of living and economic welfare of the general population, though it usually does.
What will happen to the standard of living in cities as urbanization increases?
The overall standard of living of the people rises considerably because of urbanization. It helps the region to prosper and cater to the needs of a large population.
