In recent years, many small local shops have closed because customers travel to large shopping centres or mall to do their shopping. Is this a positive or negative development?

Over the past few years, local vendors have been eradicated due to contemporary shopping patterns that have drawn consumers into the mega-complex.

Such

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impact will impose a negative effect on society since

this

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would lead to unemployment as well as inflation.

To begin

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with, prices at shopping malls are significantly at higher levels in order to cope with the competition. The central reason behind

this

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is large complex has been decorated in an awe-inspiring manner for appealing to the customers which proportionally increase the amount of rental, electricity bill and other relevant taxes.

As a result

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, the same product has to be sold at a soaring rate when compared to a local shop.

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, a recent study shows that retailing value of ladies bags in the same brand is twofold in high-rise markets when comparing to small shops;

nevertheless

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, consumers are eager to buy them at high rates.

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, when the demand decreases, small retailers are in for a hard time, leading to bankruptcy and giving up the business permanently. Due to the consumption declining, profit reduces as a repercussion and

hence

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, closes up the available business opportunities. Seen in

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light, smaller sellers and assistants could lose their positions which would result in unemployment unless the government addresses it immediately.

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, an extensive survey has found that every six months at least one local outlet is to be eradicated. To conclude, customers are attracted ever-greater by the mall-complex which could undoubtedly result in deteriorating of small business.

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, creating an immense impact on the society ranging from unemployment to price soaring;

however

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, if the government address the problem correctly by funding or promoting them to choose their path to develop,

this

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might be solved up to some degree in the future.