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Economics Trends

While making a study of the economic trends of a region, it is essential to have thorough knowledge of organized and unorganized financial institutions, development of natural resources, capital formation, population growth, innovations and technical advancements, widening of markets, improvement of skills, transport facilities, means of communication, and other institutional and organizational modifications of the region. Of all these factors, size, age and composition of population play a major role in economic development of an area because human beings are not only responsible for production but are also consumers of the produced goods. Whereas the labour force makes positive contribution in the development of an area but, at the same time, a rapid growth of population affects this pace of development adversely. Along with slow and gradual rise in population, quality of population is also a significant feature of the district.