Publisher's Synopsis
This essay sheds light on issues with the average age of the population increasing and the economic effects that an aging population has on global markets and industries. The profound implications that an aging population will have on GDP growth, the money multiplier, and markets that target a child demographic are highlighted in this essay. Ultimately, the ramifications appertaining to an aging population not only abate global economic growth, contract markets, and stifle industries, but can also prevent the future innovators and pioneers from being born that revolutionize markets, create jobs, and usher in beneficial changes to global markets. Entrepreneur has ineffably reshaped markets, given rise to new industries, and has ultimately benefited society. A decline in birth rates will prevent societies from reaping the full benefits entrepreneurs have to bring to the markets as less are being born, such as the benefits of producing products and services that elicit massive increases in the standard of living and a exponential decrease in the cost of living.
