Business Lecture- Population crisis

Lecture notes:

In 1880 there were around 1.5 billion people in the world, population growth has since been dramatic and in 2015 there was approximately 7 billion people, this number is rapidly growing and could result in a worldwide crisis. 

Thomas Malthus was influential in the fields of political economy and demography. He came up with a basic model of a population catastrophe, which he described as showing how if the population rises above the limit of resources, there will be a crisis resulting in war, famine and disease.