Ani Watson
AWR 201
Final Essay
24 April 2022
Population Growth has a Domino Effect on the Tampa Economy
Introduction and Background
One may question how much impact population growth has on a city. It can shift the
entire economy depending on the growth rate and the city. Economists say that the economy in
Tampa a few years ago was at a decline (Peterson). Some may argue that this is due to population
growth because as there are more people in the area, resources must be dispersed to more people.
However, little do they know that population growth could help boost their economy by
increasing the amount of money there is to spend on resources for the whole city. Population
growth helps all big cities, not just Tampa. There is already a growing supply of goods and
services. In response, the population growth is helping drive up the demand for these products or
services to help level out the supply and demand curves. This helps show how population growth
in any area helps local businesses (Ozimek).
Population growth refers to the number of people who emigrate to a specific area, in this
case, the city of Tampa. It helps the city in many ways. It adds diversity to the population, helps
grow local businesses, and can boost the economy. The economy is the amount of money in
circulation within an area. This includes the citizens' money, tax money that the government has,
and new money coming into circulation through sales and new additions to the town. A good
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economy, or a sustainable economy, means there is enough money for the city to function for a
while successfully. A significant factor in a city's economy is small businesses. These local
markets and stores offer job opportunities and are often a pivotal part of the community. The
people who work in small businesses are citizens of the area; as more people move to a site, the
housing market increases. The housing market considers the number of houses available and the
demand for the places to create a price for each home.
Some may say that population growth can be harmful, and E Wesley F Peterson, a
professor at The University of Nebraska-Lincoln, would agree. However, different levels of
population growth can affect various types of economies. In low-income areas, such as
developing countries, it can be harmful to have a rapid rate of population growth (Peterson). This
includes places where there is not as strong of a government with not as many connections as
other governments. They do not have access to as many resources as other, more developed
countries do. This could cause an economic crash because the supply would run out too quickly.
There would be no more products available. People would then have to spend extra money to get
goods, eventually leading to an economic crash. At the right speed, population growth can
benefit a city's economy. Job opportunities draw people to Tampa, which leads to more money
circulating, which in turn grows the economy.
Factors Leading to Population Growth in the Tampa Area
Many different circumstances could draw people to move to Tampa. Whether it's the
weather, the idea of living in a city, or a job opportunity, people seem to be drawn to Tampa Bay.
The population in Tampa has continued to increase over the past years and does not seem to be
slowing down. The idea of living in warm climates is very appealing to people. This type of