Nowadays, shopping has become an increasingly popular activity among people due to the opening of a much large shopping mall. Thus, most of the retail shops are being closed. However, I strongly agree that it is a negative development due to two reasons.
One concern in terms of shutting down the local shops is a lack of competition between shopping centres and small vendors. Although I concede that big retailers impart huge discount to their customers, it will not be possible if such small retailers are not there in the market. For instance, if such small shops will close for a lifetime, it tends to allow malls to take advantage of monopoly, which will result in people do not get any discounts, so consumers have to pay a higher price for that product irrespective of that cost.
The slowdown of economic progress is another area of concern. Although I admit that large shopping mall also provides employment opportunities for the majority of people in different departments, I would argue that introducing new malls undoubtedly ruin the employment of retail shops. As for many retailers, their small business is the main source of income and livelihood, so opening big centres have a deleterious impact not only on the small business which a person has been run for generations, but also their family survival and education of children. As a result, such unemployment contributes to the slowdown country's economy, which is inevitable.
To sum up, not only do opening new malls enables people to pay a higher price for the product, but also it reduces the economic progress of the country. Therefore, I strongly believe closing down of small shops have a negative effect on our society.
Nowadays,
shopping
has become an
increasingly
popular activity among
people
due to the opening of a much large
shopping
mall
.
Thus
, most of the retail
shops
are
being closed
.
However
, I
strongly
agree
that it is a
negative
development due to two reasons.
One concern in terms of shutting down the local
shops
is a lack of competition between
shopping
centres
and
small
vendors. Although I concede that
big
retailers impart huge discount to their customers, it will not be possible if such
small
retailers are not there in the market.
For instance
, if such
small
shops
will close for a lifetime, it tends to
allow
malls
to take advantage of monopoly, which will result in
people
do not
get
any discounts,
so
consumers
have to
pay a higher price for that product irrespective of that cost.
The slowdown of economic progress is another area of concern. Although I admit that large
shopping
mall
also
provides employment opportunities for the majority of
people
in
different
departments, I would argue that introducing new
malls
undoubtedly
ruin the employment of retail
shops
. As for
many
retailers, their
small
business is the main source of income and livelihood,
so
opening
big
centres
have a deleterious impact not
only
on the
small
business which a person has
been run
for generations,
but
also
their family survival and education of children.
As a result
, such unemployment contributes to the slowdown country's economy, which is inevitable.
To sum up, not
only
do opening
new
malls
enables
people
to pay a higher price for the product,
but
also
it
reduces
the economic progress of the country.
Therefore
, I
strongly
believe closing down of
small
shops
have a
negative
effect on our society.