Across the world, local shops are closing due to losing customers to online competitors. What problems does this produce? And what solutions can you suggest to overcome them?
The online
market
has affected the local market
around the world. This
has resulted in problems such
as job losses and creating a monopoly among a few companies
. This
can be solved by educating people
to shop in the local and local market
companies
uniting together to get better prices. The advent of the online market
has created a massive problem in the current job market
. This
new kind of trade has replaced human labour with high-speed computers etc. Traditional jobs such
as salesman, cashier, janitor etc. positions have declined as there is no foot traffic in the local market
. This
has also
resulted in the closing down of many businesses. Taking
the example of the electronics segment in India, which has lost its 35 per cent Wrong verb form
Take
market
share to companies
like amazon
and Flipkart. Capitalize word
Amazon
Furthermore
, the increasing trend of internet shopping has shaken the market
dynamics by putting too much power in the hands of multinational companies
and corporations. They can control market
prices according to
their interests. Taking example The food processing stock of some renowned brands is bought entirely by companies
, resulting in no availability to the common market
, forcing people
to buy online at a fixed price. The solution to this
brewing crisis is educating people
to shop locally and listing out the benefits of the local economy. The recent example of the slogan used by Australia, " shop local", has made people
aware of the dangers of online shopping. The local market
has started to flourish and reversed the online trend. The second solution is uniting a front against large MNCs by making a traders group and bulk purchasing directly from the vendor or manufacturers. The online marketplace has better prices because of the quantity they purchase. If local traders buy quantity by rallying together, this
will give them an edge in competition. In conclusion, the proper strategy will help overcome this
problem, which requires the collective efforts of the market
and government. Government
should Correct article usage
The government
also
legislate proper laws for fair trade practices so that even the smallest businesses can thrive.Submitted by vasudev.dutta on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
Use cohesive linking words accurately and appropriately
Linking words are very important in your essay.
To score effectively on your IELTS exam, you should make an effort to implement short concise sentences coupled with linking words.
Almost every sentence in your essay should have a linking word of some sort.
In fact, the only sentences that can omit linking words are your background sentence and thesis.
Linking word examples:
- firstly
- secondly
- thirdly
- in additional
- moreover
- also
- for example
- for instance
- therefore
- however
- although
- even though
- despite