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

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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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