Question

Which demographic shifts will have a noticeable impact on the following products in the future. Elaborate and JUSTIFY your answer for EACH product.

Designer upscale garments

Newspapers

Healthcare

Adult living communities

Answer 1

Demographic shift means a shift from high birth rates and death rates to minimal standard rates with use of advanced technologies, education and economic development. The government has to take necessary measures to reduce the negative effect of demographic transition.

*Designer upscale garment* - there would be a decline in purchase as less population means less buyers as decline in the number of people by demographic shift. Trending designer wears will always be consumed but with a gradual decline.

*Newspaper*- demand will also go down not only by demographic transition but also because now the trend is digitalisation. People tend to get updates on social media at a faster pace then next days newspaper.

*Health care*- will be on a demanding scale as now with the rise in pandemic, health will be one of the major areas of concern for any individual. Demographic transition with development in healthcare will be increasing as people will go for more health oriented products, health insurance as well all that would secure the overall health of the people.

*Adult living communities*- The technology advancement has reduced the death rate and increased the adult living communities but they are the segment of the society that suffers the most without proper food and health care. Necessary actions have to be taken to protect this segment of the society.