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.