In recent years, many small local shops have closed because customers travel to large shopping centres and malls to do their shopping Is it a positive or negative development

There is a saying in business that states “Change is the only constant”. We are seeing

this especially

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this, especially

in our local mom and pop stores. A lot of these neighbourhood stores are closing as

major portion

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a major portion

of their

clientelle

customers collectively

clientele

has shifted to the malls.

At

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On

the surface,

this

phenomenon seems to be a distressing

affair but

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affair, but

one needs to look deeper to see the real impact of

this

shift. The closing of the local stores has a profound impact on the owners of these establishments. Most of these people

loose

fail to keep or to maintain; cease to have, either physically or in an abstract sense

lose

their only source of

livelyhood

the financial means whereby one lives

livelihood

.

This

can lead to significant economic

harship

a state of misfortune or affliction

hardship

.

Further

, many vulnerable groups like senior citizens and economically weaker sections depend on these local stores to

fulfill

put in effect

fulfil

their daily requirements. These groups are unable to go to the large malls and shopping

center

an area that is approximately central within some larger region

centre

without external help. From these arguments, it looks that the shift is very harmful to the society. On the other side, the malls offer a lot more choice and cheaper products than neighbourhood stores. The malls

therefore

improve the overall

effeciency

the ratio of the output to the input of any system

efficiency

of the businesses.

Further

, these malls are a major source of employment

to

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for

in

our younger generation. In my personal opinion, people whose stores get closed use

this

experience and find alternate sources of income which helps to create even more employment. I have seen

this

in my brother who came up with a more promising tourism business when his local clothing store went bankrupt. In conclusion, malls are an important source of employment that

also

improves the

effeciency

the ratio of the output to the input of any system

efficiency

of businesses. There are both positive and negative

side

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sides

to

this

story but

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story, but

allowing free capitalism and improved

effeciency

the ratio of the output to the input of any system

efficiency

is very important for growth of the society. Even if there are some roadblocks for local store owners, they can come up with better ideas to improve theirs’s and other’s lives.