IN MANY COUNTRIES, SMALL SHOPS ARE CLOSING. WHY IS THIS HAPPENING? IS IT A POSITIVE OR NEGATIVE DEVELOPMENT.

#countries #shops #development

The business represents an organised effort of an individual or strata of

population

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the population

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engaged in making a living. Due to

advancement

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the advancement

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of technology,

majority

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the majority

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of micro sellers

subsiquently

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subsequently

forced to

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shut down

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shutdown

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shut down

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their enterprise. There are multifarious reasons why small enterprises winding up

such

as competitive price and constraint in stocking the variety of products. I propound that it is an advantageous process for the development of a country. One of the foremost causes of diminishing the sole traders is

liberalization

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the liberalization

a liberalization

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economy

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the economy

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and foreign investment. To gain

customer

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a customer

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base multinational companies triggers a price war with local vendors but due to reduced profits

micro merchants

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micro-merchants

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are enforced to lock their businesses.

For

example

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,example

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Amazon gave big discounts on their website to expand their market reach which hampers the growth of small shops owners.

Hence

, economic development has certain repercussion on micro industries.

Moreover

, due to hectic lifestyle people prefer to visit a store where they can find different items under one roof. As sole traders are diminishing due to

rise

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the rise

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in multinational brands ultimately boost the production and maximize the utilization of

resourses

Correct your spelling

resources

with minimum wastage

thus

making

product

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the product

a product

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more economical.

For instance

, China has reduced the input cost by increasing productivity.

Therefore

, shutting sole enterprise has certain benefits in

longer

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the longer

a longer

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perspective.

Furthermore

, micro industries are mostly unorganised

hence

its reduction will uprise the organise sector and help governments to increase tax revenue which could be

further

invested in economic and social causes. To conclude, small and big businesses have

its

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their

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own pros and cons.

However

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,However

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by promoting the

organise

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organised

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sector helps to raise the economic structure and individuals standard of living.

Submitted by pdhama72 on Sun May 30 2021

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IN MANY COUNTRIES, SMALL SHOPS ARE CLOSING. WHY IS THIS HAPPENING? IS IT A POSITIVE OR NEGATIVE DEVELOPMENT.

Governments should spend more money on railways rather than roads. To what extent do you agree or disagree with this statement? Disagree

In some countries, private cars are now banned from certain city centres. What are the advantages of such a system and do you feel that this is something that most cities should adopt?

Immigration has a major impact on society. What are the main reasons of immigration? To what consequences can it lead?

Air transport is increasingly used to export fruit and vegetables to countries where they cannot be grown or are out of season. What the advantages and disadvantages of this?

Should wealthy nations be required to share their wealth among poorer nations by providing such things as food and education? Or is it the responsibility of the governments of poorer nations to look after their citizens themselves?