Arrange the following steps that illustrate the implications of declining fertility rates on society: A) Increased proportion of elderly individuals in the population, B) Reduction in the average number of children born per woman, C) Strain on healthcare and social services, D) Shifts in workforce dynamics.

Declining fertility rates mean that fewer children are being born, which is represented by step B. As the number of births decreases, the population will naturally have a larger proportion of older individuals, leading to step A. With more elderly people and fewer young people to support them, there will be greater pressure on healthcare and social services, which is step C. Finally, as the workforce shrinks due to fewer young people entering the job market, there will be significant changes in how businesses operate and how workers are employed, which is step D. For example, in a country where many people are retiring and not enough young workers are available, companies may struggle to find employees, affecting the economy.