Final answer:
Economic aspects of population often involve socioeconomic factors affecting human societies, while biological aspects focus on the natural science study of population dynamics. Demography is the statistical study bridging both aspects by examining population changes and their impact.
Step-by-step explanation:
The difference between economic and biological aspects of population pertains to whether we are examining the population through a socioeconomic lens or through natural science. The economic aspect typically involves the analysis of human populations considering various socio-economic factors such as labor force, market trends, consumption patterns, and resource allocation which directly influence social and economic policies. In contrast, the biological aspect focuses on the study of population dynamics, typically non-human, and looks at life history characteristics, birth and death rates, and how the environment influences these factors. Demography, which is essentially the statistical study of populations, bridges both aspects by examining changes in population size, density, and composition and their impact on both society and ecosystems.
When studying populations biologically, ecologists look at population dynamics, wherein they analyze how biotic (living) and abiotic (non-living) factors influence population attributes such as size, density, and distribution. This scientific approach applies to all living populations, using tools like life tables to gauge individual life expectancies within a population. On the other hand, human populations often require additional considerations due to the ability of humans to manipulate their environment, leading to issues like ethical concerns about population control and resource use that enter economic discussions.
Thus, while demographics applies to both human and non-human population studies, it integrates concepts from both economic and biological methodologies to provide insights on population growth, regulation, and the potential impact on the larger ecosystem or human society.