Many Small Local Shops are Closing as They Are Unable To Compete IELTS Writing Task 2

Basically, the big malls have the economical ability for ceasing any small trades from the shops. Big malls generally have commercial wealth which are huge for excluding any small kind of trades from the retails. Specific person fails to get the profit of having every common goods which are accessible at their nearest place from their houses after their residential retail’s shutter gets closed. Moreover, when the impact of bigger marts' rises, they acquire the ability by which they can control the costing of goods,making it harmful for the community purpose.

The municipality can aid by bringing cost management on demanding products and getting those close checked . It will prohibit minimarket associations from imposing the cost and, in future, aid domestic trade to remain prominent. Additionally, the ministry should inspire banks for giving an exclusive loans as future proof economical benefit so that rural shop would not be replaced by the malls completely. Moreover, the ministry can bring many economically flourished products for retails making it comfy for the customers. This will uplift people for beginning such shops and will intent people who cannot travel long for purchasing.

Concludingly, markets' demand is unquestionable, it has become rapidly repeating for short associations to get closed for their failure to face-off with leading supermarkets. The ministry, also, can take a lot of methods to make it under control for community’s benefit and, it outcomes the benefit of the country mainly.

To begin with, due to their grandeur, magnitude, and scope, local merchants are unquestionably no match for the retail industry's huge giants. They will frequently have a very small room to stock their products and will be disorganized, whereas supermarkets are ten times larger. Furthermore, their products are divided into categories, clearly labeled with pricing, and ordered in a logical manner. For instance, Walmart, one of the largest supermarket chains, has a whole lane dedicated to each product, such as dairy, meat, utensils, and so on. Small business owners should adjust to the way business is conducted in the twenty-first century to solve this problem. They should open an online store, which would be inexpensive to start up and provide free home delivery to entice clients. Customers would be drawn to it, resulting in increased purchases.

Another big source of worry is the cost of products and the offers made by supermarkets. The products there are 1.5 times less expensive than those in any local store. This is because they get the stock straight from the manufacturers, eliminating the middleman. A 500 ml bottle of shampoo, for comparison, would cost roughly 120 Rupees in a supermarket but around 150 Rupees in any local shop. To overcome this issue, local communities should form long-term partnerships with supermarkets and negotiate contract terms that benefit both parties.

To summarize, while technology can pose a danger to small company owners on a local level, these issues are not unsolvable. Both small business owners and supermarkets, in my opinion, share responsibilities, and they could start by exploring some of the options mentioned above.

Fundamentally, there are also plenty of reasons behind this. To begin with, local stores are limited in size, and as a result, they cannot offer the same range of food and goods that a superstore nearly 10 times their size offers. As a result, consumers prefer to shop at superstores rather than local markets, resulting in the downfall of local markets. Another stumbling block for small markets is supermarkets' effective discounting, which is designed to entice customers to buy from them. This is owing to the fact that larger retailers such as Big Bazaar, Walmart, and Easyday acquire goods directly from producers, lowering product prices. To give you an example, a product that costs Rs 100 in a local market could cost Rs 80 in a supermarket. Furthermore, it creates a price monopoly in the market that local merchants are powerless to resist.

Nonetheless, there are a number of activities that can be performed to reduce the threat. Specifically, the government should enact various laws and levy taxes on manufacturers to ensure that product prices are maintained across the country, whether sold locally or in a hypermarket; this will have a significant impact on the local market because customers will purchase at the same price as supermarkets. Moreover, only local things made within the country should be permitted to sell in local shops, so that the community appreciates their purchasing and, as a result, their sales would be prioritized. For instance, nation-grown pulses and rice should only be acquired from local markets; this will maintain a balance between small and large markets, and will eventually assist small business owners.

To summarize, the growing tendency of industrialization and globalization has had some significant ramifications for local markets. It can be resolved by the state enacting new restrictions and taxes, as well as supporting country-made items to be sold exclusively in local markets, which will undoubtedly help them develop.