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Populations can decline by increasing death rates. If this decline is gradual, the harmful effects can be mitigated. List three major problems associated with rapid population decline. Can you think of any positive outcomes of rapid population decline?
Trade Surplus
Occurs when a country's exports exceed its imports, indicating a positive balance of trade.
Neo-Mercantilism
A trade theory which suggests that trade generates wealth for a country with a trade surplus, with emphasis on rapid economic development.
Positive Balance
A financial situation where assets exceed liabilities, indicating a surplus.
Protectionist Actions
Measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs or quotas.
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