Noted demographer Kingsley Davis observed that the most powerful incentive for family size limitation is

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Rising prosperity is the most powerful incentive for family size limitation because it provides families with the resources to invest in their children's education, health, and well-being. This, in turn, leads to a decline in fertility rates as parents realize that they can provide a better life for a smaller number of children.

Noted Demographer Kingsley Davis Observed That the Most Powerful Incentive