International Business: Competing in the Global Marketplace
International Business: Competing in the Global Marketplace
12th Edition
ISBN: 9781259929441
Author: Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher: McGraw-Hill Education
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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.

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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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