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The microeconomic theory of fertility posits that individual decisions about the number of children are influenced by costs and benefits associated with child-rearing. Families weigh factors such as income, education, and access to contraception against the potential utility and value that children provide. Additionally, the theory suggests that economic conditions and parental preferences play a significant role in shaping fertility choices, leading to varying fertility rates across different socio-economic groups and regions. Ultimately, the theory illustrates how personal and economic incentives drive reproductive behavior within a population.

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AnswerBot

3h ago

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