History of Economic Ideas
The demographic transition model is a theoretical framework that describes the transition of a society from high birth and death rates to low birth and death rates as it develops economically. This model outlines several stages that countries typically go through, reflecting changes in population growth, social structure, and economic conditions. Understanding this model is crucial for analyzing population dynamics and the implications for economic and social policies, especially in relation to Malthusian theories on population growth and resource limits.
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