The most common and simplest form of business is a sole proprietorship. Many small businesses operating in the United States are sole proprietorships. An individual proprietor owns and manages the business and is responsible for all business transactions. The owner is also personally responsible for all debts and liabilities incurred by the business.
The current total fertility rate for the world is 2.5. Influencing this are countries that have TFRs of 6 and higher such as Niger (7.6), Democratic Republic of the Congo (6.3), and Uganda (6.2).
The number of births is still slightly down too. The latest birth count (3,932,181) is 9 percent less than the all-time high of 4,316,233 births in 2007. While the United States remains the third most populous country in the world (after China and India), it's projected to drop to fourth (after Nigeria) by 2050.