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?
Recently, mega malls and large supermarkets attracted more customers than the smaller ones which lead to their closure.
Although
some believe Linking Words
such
development is quite positive, others including me think that the side effects would outweigh the benefits. Linking Words
This
change would affect the local businesses and their economy, while may monopolising the shopping industry. Both ideas will be discussed in Linking Words
this
essay.
The Linking Words
first
negative effect of Linking Words
this
development is applying economic pressure on local businesses which leads to their corruption. Linking Words
For instance
, losing clients due to unfair competition between a local business and a large shopping centre ends up in the bankruptcy of the smaller ones. Linking Words
Consequently
, many people who work in local stores would lose their job, while the owners would be beaten more hardly. Linking Words
In addition
, the significance of Linking Words
this
issue would touch the whole local people and their dependents.
Linking Words
Secondly
, shopping centres are able to monopolize the industry. Linking Words
For instance
, retail corporations with a chain of hypermarkets have the power to reduce the prices of the goods to win the battle with the local shops. In the Linking Words
next
step, after they win the competition, they can sell the products at whatever price they want to compensate for their loss. Linking Words
As a result
, clients should pay more to be able to afford the goods compared to the older prices.
In conclusion, Linking Words
although
large centres facilitate the life of their patrons, there are hidden side effects which affect people's lives and the economy. Losing jobs and higher prices are the Linking Words
first
two important side effects of Linking Words
such
development, which could apply more costs to families. Linking Words
Thus
, Linking Words
this
change should be monitored and taxed carefully by governments to prevent major economic consequences.Linking Words
Submitted by parhaash on
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