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?
It has been seen that several small shops have closed their businesses because people go to large malls to do shopping. This essay believes that this is a negative development because peoples’ business is being ruined by these malls and the unemployment rate has been increased.
The shutting down of local shops has a significant on people lives because for many people shops are the only source of their income. More and more people being attracted to shopping malls as they provide lucrative offers to customers to shop from their premises. Small shop owners simply cannot afford to provide such offers and therefore, they are closing their businesses. For example, a recent survey conducted by Times Now revealed that 62% of people admitted that they would prefer to buy their grocery from large stores rather than from a small shop because they provide better price and a range of offers on a purchase.
The rate of unemployment increases significantly after the local shops close their business. This is due to the fact that many people work in this unorganized sector and once the shop owners decide to shut their shops, they are unemployed. It becomes very difficult for them to get a new job because of shrinking businesses. To illustrate, in my hometown, a new shopping centre opened two years ago, and due to this mall, a number small shop owners closed their shops due to continuous shrinking businesses and expelled their employees because more people preferred to shop from the mall.
In conclusion, shutting down local shops by their owners is a serious concern and it is a negative development because many people are losing their source of income and big shopping centres unemployed many people working in local shops.