Question Description
Hello Dr. O’Neal, and Classmates,
In analyzing the population growth, research states that the population between 2014 and 2060 will increase from 319 million to 417 million, reaching 400 million in 2015 (Colby and Ottman,2015 ). This expansion is projected over the 20th century. The U.S. Census reports that the population will grow more slowly due to the fertility rate, and international migration decreasing. The National projection was based upon age, sex, race, country of birth, death, and international migration (Colby and Ottman,2015 ). There are a few factors involved in giving a projection of a population. These factors are future births, deaths, migration, historical trends, along with policy decisions (Colby and Ottman,2015 ). The state where I reside, South Carolina, the population growth rate is as follow for
2010 … 4,625,364
2011 … 4,670,000
2012 … 4,720,000
2013 … 4,770,000
2014 … 4,820,000
2015 … 4,890,200 ( Statista, 2018 ).
In an ever growing populations, expansions are needed to meet the needs of society. Social needs (problems ) “ are most likely to come from highly motivated social entrepreneurs running enterprises based within the communities that they serve “ (Heap and Davison, 2013 ). It is noted that funding for this service is limited, therefore it leaves a space in the market for social finance. There are three (3) main source of funding 1) Builder Finance 2) Grants, and 3) Social (expansion) Finance (Heap and Davison,2013 ). Of course there is always that sector that will criticize innovations, and say it can be a risky investment, however that’s life.
References
Colby, Sandra l, an Ottman, Jennifer, 2015. Projections of the Size and Composition of the U.S. Population … Census Bureau. Retrieved from https://census.gov>publications>demo
Davison, Robbie an Heap, Helen, 2013. Can Social Finance Meet Social Need? Retrieved from https://www.scot.scot>uploads>2015/06..pdf
Statista, 2018. Resident Population in South Carolina from 1960 to 2017 ( in millions ). Retrieved from https://www.statista.com
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