In recent years, many small local shops have closed because customer travels to large shopping centre and mall to do shopping. Is it a positive or negative development?

Due to globalization, more and more people opt to do their shopping, from shopping malls which results in the closing of many local shops. In my opinion,

this

is a positive trend as customers’

money

and

time

is saved,

however

,

this

is

also

a negative trend as these small shop owners get bankrupt. On the one hand, shopping from the shopping centre saves the

time

and

money

of the consumers which are the main reason why I think it is a positive

development

to a certain extent.

This

is because, there are shops all under one roof,

such

as groceries, electronic appliances, clothes and cinema halls.

Hence

, consumers do not have to roam a

lot

to various shops for buying their essential goods and waste energy.

Moreover

, these shops under malls provide a

lot

of discounts and offer to their end-users,

such

as 50% off or Buy 1 and get 1 free. By

this

way, the consumer gets a benefit a

lot

. Overall, because of

such

malls, the customers’

time

and

money

are saved a

lot

.

On the other hand

, the primary cause of why it is a negative

development

because many local shops are getting closed and owners are becoming bankrupt. To elucidate, the majority of end-users are buying their necessary goods from

such

a shopping centre because of huge discounts and offers,

hence

, they are less inclined to buy from the local market.

This

results in not having enough income to support or run the shops as well as family, and at

last

,

such

shops are windup or closed permanently from the market.

For example

, in the recent article by the Times of India revealed that there are many bankruptcy cases found in the local banks because of shutting down of the local small shops due to the opening of many malls in the market. In conclusion, in my view,

although

saving of

time

and

money

buying essential goods from malls is a positive

development

, many small vendors become bankrupt and could not support their family is a negative

development

.