In this fast paced era, local shops are crucial part of development in small areas. However, several tiny local shops are closing because they can not compete with huge stores in the area. Out of he numerous impacts and bridging measures, the following paragraphs will list and explain a few significance ones in detail.
On one hand, the given development provides a huge impacts on local communities. Firstly, while, small local shops are closed due to their competition with supermarkets, local people have to face expensive cost issues. To illustrate, in small shops the rate of all things are very low as compare to large stores. Hence, people paying a lot of money in malls on many branded things. Secondly, when local shops are closed, it affects the business growth of local businessmen and their employment. Moreover, local shopkeepers have to face lack of job opportunities.
On the flip side, there are implementable remedies that are available. Primarily, government should provide loan and subsidy to local shopkeepers. Hence, they can compete economically with large stores. Secondarily, government should be supportive to local shops in technical section. Also, the government should take the awareness of small local shops rather than focusing only to develop the giant mall. To exemplify, local shops can upgrade their business methods with technical support. Such as online product delivery at any location.
To recapitulate, the fact that development in local shops give major impacts such as expensive cost issues and lack of employment. Whereas, remedial measures like government loan and technical support. If implemented by right set of people, the negative impacts of situation can be mitigated to a large extend.
In this
fast paced
era,
local
shops
are crucial part of development in
small
areas.
However
, several tiny
local
shops
are closing
because
they can not compete with huge stores in the area. Out of
he
numerous
impacts
and bridging measures, the following paragraphs will list and
explain
a few significance ones in detail.
On one hand, the
given
development provides a huge
impacts
on
local
communities.
Firstly
, while,
small
local
shops
are closed
due to their competition with supermarkets,
local
people
have to
face expensive cost issues. To illustrate, in
small
shops
the rate of all things are
very
low as compare to large stores.
Hence
,
people
paying
a lot of
money in malls on
many
branded things.
Secondly
, when
local
shops
are closed
, it affects the business growth of
local
businessmen and their employment.
Moreover
,
local
shopkeepers
have to
face lack of job opportunities.
On the flip side, there are implementable remedies that are available.
Primarily
,
government
should provide loan and subsidy to
local
shopkeepers.
Hence
, they can compete
economically
with large stores.
Secondarily
,
government
should be supportive to
local
shops
in technical section.
Also
, the
government
should take the awareness of
small
local
shops
rather
than focusing
only
to develop the giant mall. To exemplify,
local
shops
can upgrade their business methods with technical support. Such as online product delivery at any location.
To recapitulate, the fact that development in
local
shops
give major
impacts
such as expensive cost issues and lack of employment. Whereas, remedial measures like
government
loan and technical support. If implemented by right set of
people
, the
negative
impacts
of situation can
be mitigated
to a large extend.