Stage 3 of the Demographic Transition Model represents a phase where both birth rates and death rates decline significantly compared to earlier stages. This leads to slower population growth but with an increasing total population size.
Think of Stage 3 as an amusement park with fewer thrilling rides but more enjoyable attractions for families. In this stage, families have access to better healthcare and family planning methods which result in lower birth and death rates, creating stable populations with longer life expectancies.
Fertility Rate: The average number of children born to women during their reproductive years.
Life Expectancy: The average number of years an individual is expected to live based on current mortality rates.
Economic Development: The process by which an economy improves its standard of living through technological advancements, increased productivity, and improved infrastructure.
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