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Churn rate (also known as attrition rate, turnover, customer turnover, or customer defection) [1] is a measure of the proportion of individuals or items moving out of a group over a specific period. It is one of two primary factors that determine the steady-state level of customers a business will support.
One of the fastest rates of industrialisation occurred in the late 20th century across four places known as the Asian tigers (Hong Kong, Singapore, South Korea and Taiwan), thanks to the existence of stable governments and well structured societies, strategic locations, heavy foreign investments, a low cost skilled and motivated workforce, a ...
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing , mining , and utilities . [ 1 ] Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand . [ 2 ]
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. [1] This was one of the few sustained periods of deflationary growth in the history of the United States.
Following a moderate downturn, industrial production grew slowly but steadily between 2003 and 2007. The sector, however, averaged less than 1% growth annually from 2000 to 2007; from early 2008, moreover, industrial production again declined, and by June 2009, had fallen by over 15%, the sharpest decline since the Great Depression. Since then ...
The brands of Stellantis produced 475,000 vehicles in Italy in 2024, compared with 751,000 in 2023, a drop of 37%. The company has resorted to layoffs in the nation.
Michigan suffered the most of any state with an unemployment rate of 11%, as Detroit maintained a record high of 20%. In large part, this was a result of a 47% decline in automobile production. When unemployment rates rose beyond 5.1 million in January 1958, they were higher than at any point since 1941. [3]
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