How Might Demographic Changes Have an Impact on Society? Be

question 104

Essay

How might demographic changes have an impact on society? Be sure to mention the baby boom generation and the dependency ratio.

Understand the concept and stages of Osborn's creativity process for problem-solving and decision-making.

Recognize the importance of separating creative imagination from judgment during brainstorming sessions.

Learn different creative thinking techniques and their applications, such as analogy and reversal techniques.

Comprehend the definition and application of lateral thinking for generating new ideas.

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Definitions:

Equilibrium Quantity

The quantity of goods or services sold where the supply and demand curves intersect, indicating a balance between supply and demand.

Trade

The exchange of goods or services between individuals, firms, or countries.

Consumer Surplus

The discrepancy between what consumers are prepared and able to spend on a product or service and the actual amount they end up paying.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes and protect domestic industries.