The document describes the demographic transition model which outlines 4 stages that populations experience as they industrialize and urbanize. Stage 1 involves high birth and death rates resulting in low population growth. Stage 2 sees declining death rates but sustained high birth rates leading to higher population growth. Stage 3 witnesses falling birth rates in addition to declining death rates, resulting in slower population growth. Stage 4 is characterized by low birth and death rates and stable population growth. The model explains how socioeconomic development drives this transition from high to low fertility and mortality rates.