Demography is the study of population size, distribution, and composition as well as changes to these factors through birth, death, migration, and social mobility. Demographic data is important for city planning, resource management, business management, service provision, government planning, environmental planning, and disaster management. For businesses and commerce specifically, demographic data provides insights into potential consumer markets that can be used to develop targeted marketing strategies and public policies, helping businesses gain a competitive edge.
Demography is the study of population size, distribution, and composition as well as changes to these factors through birth, death, migration, and social mobility. Demographic data is important for city planning, resource management, business management, service provision, government planning, environmental planning, and disaster management. For businesses and commerce specifically, demographic data provides insights into potential consumer markets that can be used to develop targeted marketing strategies and public policies, helping businesses gain a competitive edge.
Demography is the study of population size, distribution, and composition as well as changes to these factors through birth, death, migration, and social mobility. Demographic data is important for city planning, resource management, business management, service provision, government planning, environmental planning, and disaster management. For businesses and commerce specifically, demographic data provides insights into potential consumer markets that can be used to develop targeted marketing strategies and public policies, helping businesses gain a competitive edge.
F.Y.B.B.A ASSIGNMENT NO : 1 Q1..What do you mean by demography and discuss the importance of demography in business and commerce. DEFINATION: According to Hauser and Duncan (1972), ‘Demography is the study of the size, territorial distribution and composition of population, changes therein, and the composition of such changes which may be identified as natality, mortality, territorial movements and social mobility (change of status)’. IMPORTANCE OF DEMOGRAPHY: 1. City Planning: City planning includes urban and rural management which needs data about relative population their family data, food, water, land occupation and consumption capacity, needed services, educational background, income level etc. 2. Resource Management: Food, water and shelter are the basic needs of any human being. After city planning, providing all the services through resource management is the prime concern of a various administrative officers of a respective division. 3. Business Management: To establish any type of business, any businessmen see whether that city or an area has a potential for consumption of that product. 4. Service Management: As the city grows, it demands various types of services else. it has been observed that due to lack of some services, people have left those places and migrated into another place where they get better services and opportunity to grow in future. 5. Government Planning: GDP, GNP. NNP all like other measures depends ultimately on population. After every ten years, the government conduct censes survey which gives heavy and numerous type of data which helps in every sector. 6. Environmental Planning: Despite India's robust economy and democracy at present, India has experienced some of the worst disasters in the history of the world in the form of famines, earthquakes, cyclones, and tsunamis. 7. Disaster Management: Various types of natural disasters like flood, drought, forest fire, earthquake and manmade disasters like fire, major accidents, riots etc., are big threats to the lives and properties of the people in the districts. IMPORTANCE OF DEMOGRAPHY IN BUSINESS AND COMMERCE :
Using this data, businesses can create marketing strategies
and governments can implement public policies. Business owners are always looking for an edge in marketing products and services to generate more revenue and profit margins. Demographics are a key factor in getting that edge.
Governance, Environment, and Sustainable Human Development in Drc: The State, Civil Society and the Private Economy and Environmental Policies in Changing Trends in the Human Development Index After Independence