Many small local shops are closing as they are unable to compete with large supermarkets in the area. How does this effect local communities? How could this situation be improved.

Since the start of globalisation, supermarkets have seen immense growth in capturing large market share which has detrimental effects on the local shops in the area.

This

trend is affecting the local communities as it makes it hard for them to survive. The solution to combat

this

issue is the elimination of middlemen from the framework. The below essay explains both aspects in detail.

To begin

with, the closure of local shops is fatal for the socio-economic environment as it makes it hard for small

vendors

to meet their regular needs.

Moreover

,

this

will lead to huge disparities in the incomes of different people which ultimately affects the emotional well-being of a person.

Additionally

, lower literacy rates tend to decrease as local

vendors

will not have sufficient funds to send their kids to schools or for higher studies which eventually affects the overall health of the country.

For example

On the other hand

, to ,battle

this

issue, the role of intermediary should be zeroed down and local

vendors

to obtain products directly from the suppliers which means more money at their disposal.

This

additional cash will help the shopkeepers to keep up-to-date products to enlarge the customer base.

Moreover

, the customers will have to pay at wholesale price which is far less than the price levied in big malls and supermarkets. To sum up, shutting down local shops creates inequality of income among the masses and to resolve

this

issue, the local

vendors

should procure goods from direct suppliers.