the graph below shows the number of shops that closed and the number oof new shops that opened in one country between 2011 and 2018.

the graph below shows the number of shops that closed and the number oof new shops that opened in one country between 2011 and 2018.
The line chart illustrates the trend of
shop
closures and openings in a country within eight
years
. In 2011, about 8500 new stores were opened but just one year later in 2012, it was reduced to nearly half with the figure standing at 4000. Two
years
later, the opening rate saw an increase, but it again fell to 4000 and continued to become steady in upcoming
years
. It is clear from the chart that in 2014, there was a balance between openings and closures.
Shop
owners tended to terminate their existing businesses, rather than start new ones, except for the
years
2011 and 2015. Before 2014, the number of people who wanted to close their shops
,
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was between 6000 to 7000,
then
it dropped suddenly to less than 1000 in 2015, but only one year later, it returned to the usual trend standing at about 5000.
Overall
, There was a high demand for
shop
openings in 2011,
while
there was a drop in
shop
closures in 2015.
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Vocabulary: Replace the words shop, years with synonyms.
Vocabulary: The word "chart" was used 2 times.
Vocabulary: The word "trend" was used 2 times.
Vocabulary: The word "stand" was used 2 times.
Vocabulary: The word "about" was used 2 times.
Topic Vocabulary:
  • retail sector
  • economic trends
  • fluctuations
  • correlation
  • consumer habits
  • market analysis
  • closure rate
  • opening rate
  • commercial landscape
  • socio-economic factors
  • business climate
  • entrepreneurship
  • decline
  • surge
  • financial crisis
  • competition
  • e-commerce
  • brick-and-mortar
  • sustainability
  • forecast
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