Population Demographics Essay

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Team Bravo Kevin Carr, Jade Petterson, Robert Sammeli, Sean Servantes, Victor Vazquez Population Demographics The term “population demographics” refers to the size, status, and behavior of the inhabitants of a certain area. The United States’ population demographics are have constantly changing throughout history due to the U.S. getting bigger, older, and more diverse. These changes are not without implications, particularly for businesses. There are three main changes expected in businesses in the United States with the anticipated changes in population demographics. First, it is likely that entrepreneurs, small businesses, and self-employed workers will become more common. Second, the business focus must switch towards manufacturing, energy, and agriculture. Third, business locations will likely begin to move to smaller towns (and away from larger cities. Though the dynamic population demographics might lead one to assume that business is on an upward swing, the total fertility rate (TFR) indicates that the opposite is the case. The Central Intelligence Agency explains that the TFR, also referred to as the replacement birthrate, is a figure for the average number of children that would be born per woman if all women lived to the end of their childbearing years and bore children according to a given fertility rate at each age. The TFR is a key indicator how population demographics are changing. The TFR for the United States is 2.06, placing the U.S. at position 121 of 224 countries. This rate is actually a good rate in that it is an ideal rate for population stability. Higher rates may prove difficult to maintain current standards of education, current poverty levels, suitable healthcare, and overall general welfare of the population. Globally, rates are in general decline and this trend is most pronounced in industrialized countries, especially

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