ADVANTAGES OF LARGE POPULATION Large labour: High population provides large labour force for the industries. Large market: High population source of large market for the goods produced by the industries.
ADVANTAGES OF LARGE POPULATION
Defense: Organized army and other 1 enforcement agencies are easy to recruit in highly populated areas. Quick information dissemination Because people stay everywhere in these areas, it is very easy for information to go round quickly
Attraction to investors: Investors are By attracted to areas of high population because of large market for finished products. Urbanization: Areas of large population do lead to urbanization. Respect from international bodies: Countries with high population are normally respected by international bodies like W.H.O. and U.N.O. Attraction of foreign aids: Countries with high population do enjoy foreign aid from developed countries such as United States of America and Japan.
IMPLICATION OR DISADVANTAGES LARGE POPULATION
The economic effect of a large population or high population density include:Pressure on natural resources: Natural resources like fertile farmlands and minerals become over exploited where there is high population growth in an area.Increase in crime rate: Areas of high population density are usually associated with high crime rate like armed robbery, snatching and hired assassination. This may be due to lack of jobs, hence, people resort to crimes.Insufficient food:
As a result of the high influx of people into an area, there will not be sufficient food to cater for the high population which leads to food shortage. read my post on food production here
Unemployment/under employment: Areas of high population density usually do not have enough jobs for the ever increasing influx of people. This leads to unemployment and underemployment. Inadequate housing: High population concentration leads to poor accommodation as the houses available may not be enough for the high population. Traffic congestion: Many people travel on the roads at the same time and this leads to traffic congestion most of the time. Environmental pollution: Poor housing turn out of waste materials due to high level of human activities generally lead to environmental pollution. Pressure on social amenities: Social amenities like pipe borne water and electricity, are usually over stretched by the influx of people into an area.
Inadequate health services: As a result of high population density, there is always inadequate health services to meet up or match the ever-increasing population.Reduction in standard of living: When population is increasing without the corresponding increase in natural resources, it will lead to a drop in per capital income and this will lead to poor standard of living of the people. High cost of living: As a result of high population density, it will result in a corresponding demand for goods and services and where these are not forthcoming in sufficient quantities, it will lead to high cost of purchasing them thereby leading to high cost of living.
Types of Companies Under Limited Liability Companies
Companies limited by guarantee: Companies limited by guarantee are not formed with the aim of engaging in trading activities or making profits. They are often formed by societies and other charitable contributions from members of the public to promote and develop certain interests or professions. The liability of its members is limited by the Memorandum of Association to such an amount as the members may have undertaken to contribute to the assets in the event of its being wound up. Guarantee companies are usually formed for the furtherance of art, science, education, religion and charity.
Companies limited by shares: Companies limited by shares are the companies in which the liability of the shareholders is limited to the full value of the shares they have acquired. In case of liquidation, the shareholders will only be liable to the full extent of their shares contributed as capital. They normally engage in business activities to make profit. Section 21(1) of the Company and Allied Matters Act, 1990 defined a company limited by shares as: “A Company having the liability of its members limited by memorandum to the amount, if any, unpaid on the shares held by them.”
TYPES OF LIMITED LIABIL® COMPANIES
Private limited liability company is de one which by its articles restricts the right transfer its shares, limits the number : shareholders from two to fifty, prohibits invitation to the public to subscribe to its shareholders and the name of the private company >>>> with “Limited”, e.g. Bluebird Nigeria Limited.
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