The line chart depicts the changes in the openings and closures of local shops in a particular country over a seven-year period from 2011 to 2018.
Overall, what stands out most is that the number of shops that were opened and that of closed both decreased. Moreover, the figure for closures had exceeded that of openings by the end of the period in 2018.
It is noteworthy that the shops newly initiated underwent a dramatic decline, with a drop of roughly 5,500 shops from over 8,000 in 2011 to merely 3,000 in 2018. Despite that there was a rise in this figure between 2012 and 2014, rising from nearly 4,000 to a high of 6,000, which was almost equaling to the number of stores that were newly started.
On the other hand, the number of stores that were stopped operation was far fewer than that of shops that were opened, at roughly 6,500 in 2011. During the following two years, although it rose a high of over 7,000 in 2013, the figure then dropped to a low of just below 1,000 in the year of 2015. Subsequently, there was a dramatic rise in the number of shops that were closed, exceeding the figure for openings after 2016. Finally, the figure stopped at more that 5,000 at the end of year, larger than that of opened.