Baby boomA baby boom is a period marked by a significant increase of births. This demographic phenomenon is usually ascribed within certain geographical bounds of defined national and cultural populations. People born during these periods are often called baby boomers. The cause of baby booms involves various fertility factors. The best-known baby boom occurred in the mid-twentieth century, sometimes considered to have started after the end of the Second World War, sometimes from the late 1940s, and ending in the 1960s.
DemandIn economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The relationship between price and quantity demand is also called the demand curve. Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' disposable income and tastes, and many other options. Innumerable factors and circumstances affect a consumer's willingness or to buy a good.
Conceptual frameworkA conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas. Strong conceptual frameworks capture something real and do this in a way that is easy to remember and apply. Isaiah Berlin used the metaphor of a "fox" and a "hedgehog" to make conceptual distinctions in how important philosophers and authors view the world.
Baby boomersBaby boomers, sometimes shortened to boomers, are the demographic cohort following the Silent Generation and preceding Generation X. The generation is often defined as people born from 1946 to 1964 during the mid-20th century baby boom. The dates, the demographic context, and the cultural identifiers may vary by country. The baby boom has been described variously as a "shockwave" and as "the pig in the python". Most baby boomers are children of either the Greatest Generation or the Silent Generation, and are often parents of Gen Xers and Millennials, or Generation Z.
