Answer:
Fast growth can create negative externalities e.g. noise pollution and lower air quality arising from air pollution and road congestion. Increased consumption of de-merit goods which damage social welfare. ... These externalities reduce social welfare and can lead to market failure.
Answer: There are 7 stages.
1. Birth
2. Childhood
3. Puberty
4. Teenage
5. Adult
6. Middle age
7. Senior Years
Hope it helps!
