A population is a group of organisms of the same species that live in the same area. There are three characteristics of populations: geographical area, density, and growth rate. Population growth is determined by birth rate, death rate, and migration. Exponential growth occurs under ideal conditions with no limits, but logistic growth occurs when limiting factors cause the population to level off at the carrying capacity. Limiting factors can be density-dependent, affecting large populations through competition and predation, or density-independent like natural disasters.