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

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It has been observed that people are preferring high-end stores as compared to the regional shops being operated by small business owners. In my opinion, it has an adverse effect on the economy and the community as a whole.
This
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essay will
further
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elaborate on the negative aspects of small shops being shut down due to the inclination towards shopping malls. To start with, the closure of
such
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enterprises will result in detrimental effects on the nation's financials there will be a surge in the rate of unemployment as these outlets support workers and are linked to small-time artisans and handcrafters that will put pressure on the country's well-being making necessary goods expensive.
For example
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, in a study conducted by Harward University, the closure of small businesses during the Covid era has wiped out $100 trillion from the world’s economy.
This
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has
also
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resulted in a 5% rise in unemployment rates around the globe.
Furthermore
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, these small ventures are linked to other tiny establishments
hence
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winding-up of one may result in the closure of many others causing a domino effect and creating an imbalance in the demand and supply cycle.
For instance
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, if local cloth stores are shutting down there will be lesser demand for fabric affecting the fabric industry and simultaneously hitting hard the cotton farmers.
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, the money spent in these expensive and brand-conscious shopping centres does not stay in India since most of the stores are of foreign brands and
thus
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resulting in the depreciation of Indian currency. To illustrate, in the sale season arranged by high-end centres there can be noticed a very restricted fall in the value of the Indian currency as the money obtained in India is sent back to their respective countries. To conclude, there is definitely a negative impact on the lives of many along with the economy as a whole
hence
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ample amount of support need to be provided to these regional shops as they are supporting other businesses and
also
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the financial health of the system.
Submitted by shivan.nain202 on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • retail outlets
  • consumer behavior
  • shop locally
  • convenience
  • variety
  • economic growth
  • job creation
  • community
  • personal touch
  • small businesses
  • local economy
  • big corporations
  • dependence
  • shopping habits
  • urbanization
  • globalization
  • competition
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