Populations have characteristics like size, density, and age distribution that can vary over time. Populations can be categorized into three types based on their growth: expanding, stable, or declining. Biotic potential refers to the maximum growth rate of a population with unlimited resources and no predators or environmental resistance. Factors like litter size, breeding frequency, reproductive span, and survival rate determine a species' biotic potential. Populations cannot grow exponentially indefinitely due to environmental resistance and eventually reach carrying capacity, where growth stabilizes.