INTERNATIONAL BUSINESS (LOOSELEAF)
12th Edition
ISBN: 9781260717372
Author: Hill
Publisher: MCG
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Question
Chapter 19, Problem 1DYK
Summary Introduction
To discuss: Whether the population of the world is 7 billion at present.
Introduction:
Human resource management is the method of hiring, recruiting, organizing, controlling, and managing the employees in a company.
Expert Solution & Answer
Explanation of Solution
No, the population of the world is not 7 billion at present. The present population of the world is 7.7 billion, which was a result of gradual increase over years. This remarkable change took place at the time of industrial revolution. Only after the industrial revolution, the population kept on increasing.
At present (2018), the population is growing at a rate of 1.09%. The estimated average population is 83 million for a year. The expected population growth rate for the future years will be less than the present growth rate.
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