Many small, local shops are closing as they are unable to compete with large supermarkets in the area. How does this effect local communities? How could this situation be improved?

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The retail
business
Use synonyms
has become very competitive and small retailers are finding it very difficult to survive in
presence
Suggestion
the presence
of large supermarkets.
This
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main
impacts
Suggestion
impact
of
this
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on the local
communities including
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communities, including
job losses and monopolised market.
This
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can be
changes
Suggestion
changed
by applying some changes, including a partnership based
business
Use synonyms
model and improved government regulation.
To begin
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with, closure of local retail shops will result in a severe job crisis as they are the primary source of income for a lot of local communities.
In addition
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,
presence
Suggestion
the presence
of only large supermarkets in retail
business
Use synonyms
will result in higher inflation.
For example
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, a recent study conducted tells that if the current situation continues, the unemployment and inflation rates will be at their peak since
last
Linking Words
decade.
This
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will not only impact lives of local
communities but
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communities, but
also
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have a widespread impact on the economy. Small size retail shops should think of some partnership based model that can help them increase their profession size and scope to be able to compete with large retailers.
Furthermore
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, government should create an atmosphere where retailers can approach investment firms to raise capital in order to grow their
business
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.
For instance
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, there are various investment summits conducted by governments where various companies and investment firms come together.
Government
Suggestion
The government
should make
such
Linking Words
platforms available for local retail
business
Use synonyms
as well.
This
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will not only help small retailers
survive but
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survive, but
in fact will give them
opportunity
Suggestion
the opportunity
an opportunity
to grow, create more jobs and provide a larger contribution towards the growth of the economy. In conclusion, in today’s competitive
business
Use synonyms
environment small
Suggestion
environment, small
local shops are finding it very difficult to sustain and compete with large brands.
This
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essay discussed how closure of local retail shops will result in job loss and increase inflation.
This
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essay
also
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suggested solutions to
this
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problem are two fold: local retailers should come together and have partnerships and the platforms government should provide that will enable local retailers to not just survive but
also
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grow.
Submitted by kshama.engg03 on

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