Declining Industry

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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.
References in periodicals archive ?
Galal refers to a similarly problematic case, "Low fertility rates may also mean a less dynamic laborforce, as younger individuals are typically drivers of various innovations and enter new industries, like high-tech startups, as opposed to older, declining industries." Financial Incentives In 2017, Russian President Vladimir Putin announced granting women an allowance of $180 per month for the first child for a year and a half, allocating $2.4 billion to the initiative.
A number of the older set are in mature or declining industries. Writers find fewer publications to write for.
Historic hub, New Lanark, is offering visitors a chance to see Scotland's declining industries with new exhibition: "Snapshots of a Lost World: the Decline of Scottish Industry".
In a growing economy, this approach has generally worked pretty well, and only the outliers needed a more robust assessment of the pay for performance linkage (e.g., companies with above market pay positioning or in declining industries or markets).
TAPI to be completed with investment of $ 9 billion will help Pakistan in curbing the demand supply gap and the declining industries will get on their feet again.
The losers were those where policymakers fought the market and supported declining industries. The Trump administration, no surprise, is following the losers' path.
The behaviour of declining industries. The Economic Record, 74(226), 217-230.
His success can be seen as one of the symptoms of climate change, as workers in declining industries (which stood no hope of revival if climate change was to be combatted) turned towards him.
Lifelong learning is supposed to provide the intellectual flexibility and professional adaptability needed to seize opportunities in new and dynamic sectors as they emerge, as well as the resilience to handle shocks in declining industries. Training centers, the logic goes, simply need to identify the competencies that companies will look for in the future and design courses accordingly.
Statistics reveal the borough has some of the poorest current employment prospects in Britain, with 16.7 per cent of people working in declining industries, while the British median is around 11.2pc.
Welsh 'among the lowest paid' WELSH workers are among the lowest paid in the country and work in more declining industries, a report presented by industry chiefs to top Common Market officials has revealed.
For these declining industries, the government implemented the industrial adjustment policy to facilitate capacity reduction.