In contemporary times, we are witnessing that competition between mega markets and local shops is becoming one of the crucial pressing concerns, as closure of small shops happens because of their unsustainability. This trend may have various negative impacts on local residents. This essay will show further explanations and possible solutions for this tendency.
There are two pivotal influences that local public may confront. The first one is leading monopoly among supermarkets, which may cause increasing cost of products. For example, in our country the company named “GM-Automotors” is continuing being a monopolistic industry about 30 years. Individuals buy cars with high taxes and prices, despite of their low quality.
Another cause is the raise of the number of unemployed persons in the area. Opening small shops helps to fill up related places with staffs. For instance, people who work in large supermarkets can hire limited number of services, like administrators, salesmen and etc.
To address this issue, communities could actively support local businesses through campaigns promoting the value of shopping locally. Additionally, government plays a vital role in this case. Authorities should open the doors for small businesses by reducing tax payments and helping with subsidies. Further way that can government do by increasing taxes and entering new international brands which may compete with them.
In conclusion, closure of small shops can lead to monopoly and unemployment. Possible solution will be reducing taxes for local markets and restricting access to monopolistic companies.