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

In
contemporary era
Suggestion
the contemporary era
, more and more local markets are forced to confront with bankrupts and eventually close their workplaces. Several detrimental impacts have been prevailed recently,
as a result
of
this
tendency. I will elaborate on what problems it brings and what attempts could have been taken to address the issue. The most precarious effect faced by local communities is that it brings discouragement to new entrepreneurs who are about to take
initiative
Suggestion
the initiative
to settle a
business
.
However
, as young adults observe those who have experienced lock downs, they begin to think in an alternative way that they have no capacity for
such
a big
endeavor
a purposeful or industrious undertaking (especially one that requires effort or boldness)
endeavour
in a competitive atmosphere with supermarkets. Starting a
business
seems them as if it is out the reach
for
Suggestion
of
young individuals.
Furthermore
, when a market plays a predominant role over its counterparts,
consequently
consumers have to be dependable on merely one single shop. Urgent actions must be taken to combat with these unwanted consequences. One way forward might be to provide entrepreneurs with strong endorsement,
for instance
, banks can allot a
business
loan with lower deposits. To deal with
this
problem,
government
Suggestion
the government
had better not to levy higher taxes for a certain period of time.
Additionally
, mega stores should not be empowered to expand their branches throughout the region and there should be put legislations by the government, so as to let small shops to improve. By way of conclusion,
this
process leads noticeable dire ramifications,
such
as the reluctance to start a
business
and dependability
.
Accept space
.
They can be tackled by implementing some particular solutions,
for example
, to back new
businesspeople
Suggestion
business people
with financial stability.
Submitted by bigfarm317 on

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