POPULATION PROJECTIONS
The data on the previous page is used to look at the projected population growth in Australia from 2011 to 2101. This information can be used by the Government and business to predict issues such as wealth and prosperity of a country and also the potential for debt. The ABS have used information they have collected from the population through the five-yearly Census to project the growth using a trend line based on a series of assumptions using historical data.
This information is important, because it allows for businesses to make plans for growth and the types of markets they can expand into now they have information about the potential markets for their goods and services. For example if it is predicted that there will be more women than men then companies may move into the future focussing on areas that are of interest to women. They may also change the way they do business if the projected data informs them that company executives may be more likely to be women, therefore the working environment may have to be changed to allow for maternity leave.
The data on the previous page is used to look at the projected population growth in Australia from 2011 to 2101. This information can be used by the Government and business to predict issues such as wealth and prosperity of a country and also the potential for debt. The ABS have used information they have collected from the population through the five-yearly Census to project the growth using a trend line based on a series of assumptions using historical data.
This information is important, because it allows for businesses to make plans for growth and the types of markets they can expand into now they have information about the potential markets for their goods and services. For example if it is predicted that there will be more women than men then companies may move into the future focussing on areas that are of interest to women. They may also change the way they do business if the projected data informs them that company executives may be more likely to be women, therefore the working environment may have to be changed to allow for maternity leave.