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Explain the Three-Stage Process of the Demographic Transition and Why

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Essay

Explain the three-stage process of the demographic transition and why demographers are debating whether there may be a second demographic transition in industrialized countries.If a second demographic transition occurs,what effect will the factors have on world population growth?


Definitions:

Supply and Demand

The fundamental economic model that describes the interaction between the availability of a particular product and the desire for that product, determining its price.

Deadweight Loss

A loss of economic efficiency that occurs when the optimal level of supply and demand is not achieved.

Supply Elasticities

Measures the responsiveness of the quantity supplied of a good to a change in its price.

Excise Tax

A tax imposed on specific goods, services, or transactions, often used to discourage consumption of certain products or to raise government revenue.

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