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

The predominant number of local businesses are increasingly being closed

due to

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the incapability to compete with a big market. The residents can be affected badly by losing their income and government-sponsored programs should be implemented to advance the situation. The fundamental effect of the closure of small organisations on local communities can be seen in the loss of jobs, which has knock-on effects on the

overall

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welfare. Not only can inhabitants be deprived of their earnings, but they

also

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encounter struggles with both emotional and financial conditions.

Furthermore

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, they may end up accumulating significant debts, losing their self-confidence and deteriorating their relationships with acquaintances.

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, statistics from the Ministry of Finance of Kazakhstan prove that 65% of citizens in towns, who have launched small businesses, have a tendency to cease their initiatives after one and a half years. The viable solution to improve concern is government-sponsored initiatives to support and raise the awareness of entrepreneurs. The state officials facilitate the wellness of citizens by providing subsidies and affordable taxes for new founders.

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, the owners and managers of large supermarkets should be encouraged to hold business workshops by the state, allowing residents to maintain valuable strategies and knowledge about income-increasing methods. Entrepreneurs can take advantage of ownership, creating exquisite and unique products for the public.

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, China is considered to be the most convenient and supportive country for small store owners. The state governors offering profitable suggestions could decrease the rate of the closure of minor organisations and popularise not only big markets but minor stores

also

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with authentic manufactured items in a global range. In conclusion, the proportion of minor organisations closing is increasingly rising by reason of the inability to cope with larger companies. The deprivation of their earnings can be the primary consequence to the community and initiatives originated by launched by the government can improve the situation.