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Declining Industry
(redirected from Declining Industries)

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Declining Industry
An industry producing one or more products that are declining in demand, profitability, or both. A declining industry may be suffering losses, or it may still be making a profit that has been shrinking consistently. An industry may go into decline for a number of reasons. The economy may decline and the industry's products may suddenly be considered luxuries. Alternatively, a new technology may be developed that renders an industry obsolete. For example, the video cassette recording (VCR) industry was performing well for approximately 20 years. However, the introduction of DVDs, which are more efficient and of higher quality, turned the VCR industry into a declining industry. See also: Industry Life Cycle.


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Our results show that many do not have up-to-date IT and literacy skills but, above all, lack confidence and self esteem, often following many years of regular employment in one of our declining industries.
I ask readers to think of our troops, our declining industries, the farcical justice system and immigration services whenever one of our Honourable Members sprouts up for or against the Hunting Bill.
1) This research summary examines the validity of common assumptions about membership attrition by measuring union membership changes in expanding and declining industries as well as the number of new members needed by the unions each year for either no change or an increase in union density of 1 percentage point.
 
 
 
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