demographic factors

Demographic factors are characteristics of a population that help us understand its composition. These include age, gender, income, education level, ethnicity, employment status, and family size. They influence social trends, market needs, and policy decisions by providing insights into who people are, how they live, and what their needs might be. For example, a community with more young families may prioritize schools and parks, while an area with many elderly residents might need healthcare services. Understanding demographic factors helps organizations plan and allocate resources effectively.