Personal Finance 1st Edition by Jack R. Kapoor

Exercise 12

1. What are some demographic and economic factors that affect career opportunities?

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2. How does technology affect available employment positions?

Action Application Based on a Web search or library resources, obtain articles, employment data projections, and other information about the careers with the most future potential. Prepare a report or visual presentation (slides, poster, or video) communicating the types of careers likely to be most in demand in the future.

Step 1 of 2

1) Demographic and economic factors affecting career opportunities:

Some demographic factors that affect career opportunities are increased leisure time, increased interest in personal health, physical fitness. The demographic factors include factors like age, marital status, gender etc. These factors influence in certain job conditions like in some countries female candidates can not apply for jobs in the military. Here, gender influences the career opportunity. Similarly conditions like physical fitness also play an important role in career opportunities when the person wants to take up a job that gives priority to physical fitness.

Economic factors are interest rate, inflation and consumer demand. For example, when there is a fall in the interest rates then the career opportunities in housing sector will be less. Similarly, in sectors where the demand for products is less there will be less production from the companies and so these companies will have less employment opportunities.