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Societies move from Stage 2 to Stage 3 of the demographic transition because of technical change, but from Stage 3 to Stage 4 because of social change.
Doctors
Medical professionals who diagnose and treat illnesses, perform medical procedures, and advise patients on maintaining good health.
Lawyers
Professionals who practice law, offering advice, and representation to clients in legal matters.
Collateral
Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower fails to repay the agreed amount.
Securities
Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
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