Small local shops are now competing with large supermarkets and online stores, This phenomenon has negative impacts on the local economy, and resulting in a number of jobless people. To mitigate this situation, public should support local business, and on the other side, it is also important for local shops to adapt to the customers’ preferences.
Since, large supermarkets and online shops are likely to cooperate with international marketplaces, customers have a variety of different options in buying things. As a result, customers tend to purchase in those sections rather than in small local shops. This mean that, the more people purchase from large supermarkets and online stores, the more financial problems that local business have to face. If only a few customers buy from local shops, the owners may face difficulties in running their local shops. Subsequently, the numbers of closure stores may increased, and some people might lose their jobs and careers as a result.
To solve this problem, government should invest more in local business and also residents should support the local shops. Most of the local shops are likely to be cost-effective, and supporting them not only improves the local economy but also saves money. In addition, local shops have the responsibilities to provide more products and things in order to meet the customers’ needs. Providing a wide ranges of facilities like big supermarkets, can also improve the condition of local market places. By doing this, customers may prefer to purchase things from local shops.
In conclusion, the competition of local shops with large supermarkets and online shops lead to increase the number of jobless people and effects the local economy. In order to mitigate this problem, both governments and residents should support local shops, and in turns out, local shops needs to provide more advanced products to meet the customers’ preferences.