Population Growth

The size and the rate of population growth has an important bearing on the economic development of a country. If the population is too small , it does not afford full scope for specialization or division of labor nor a sufficient market for the goods produced in the country If , on the other hand population is too large, then also it is a great impediment to economic growth. It is a serious hindrance to capital formation. The feeding of a huge population  leaves little scope for saving , and saving is very essential for economic growth, because capital formation is the very crux of the process of economic  growth ,because capital formation is the very crux of the process of economic growth.  Hence population should be of a proper or optimum size. A part from the proper size of the population , it is also essential that the rate of population growth should boot be too rapid, otherwise it will swallow up whatever little economic progress may have been made and the country may only mark time.