Is there any one who can elaborate the Traditional Family Life Cycle concept.

Hello to everybody, please explain me the concept of a family's Traditional Family Life Cycle?
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"Traditional Family Life Cycle: Traditionally the life cycle, illustrated a progression of stages through which families passed; it comprised stages, starting from bachelorhood (single), to married (couple), to family growth (parenthood: birth of children), to family contraction (grown up children leaving home for studies or employment) to post parenthood (all children leaving home) to dissolution (single survivor: death of one of the spouses). Based on these, the traditional FLC can be synthesized into five basic stages, which may be mentioned as follows: - Stage I: Bachelorhood: Young single adult (male/female) living apart from parents and into a livelihood. - Stage II: Honeymooners: Young married couple. - Stage III: Parenthood: Married couple with at least one child living with them at home. - Stage IV: Postparenthood: An older married couple with no children living at home. Children have left home for studies or for employment. - Stage V: Dissolution: One surviving spouse. Source:"
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