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Seminar paper from the year 2023 in the subject Politics - Region: Africa, , course: Economics, language: English, abstract: Statistics used to describe populations and their characteristics are called demographics. A population's characteristics, such as age, race, and sex, are studied through demographic analysis. Statistics expressing socioeconomic information, such as employment, education, income, marriage rates, birth and death rates, and more, are referred to as demographic data. For a variety of purposes, including economic market research and policy development, governments, businesses, and non-governmental organizations use demographics to learn more about the characteristics of a population. For instance, a company that sells high-end RVs might want to reach people who are approaching or are already retired and increase the number of people who can afford their products.