Based on this scenario I see the Traditional Economy expanding, but the Real Economy of Guindulman is in regress. Why, because eventually, it is the whole population of Guindulman who will bear the cost of this Building, may it be cash or loan.
Indirectly, it is the consumers who are paying the rents and taxes of this Dayo Department Store who would simply pass these overhead expenses to their margins.
The good side is convenience. The bad side is propagation of consumerism and the demise of Local Entrepreneurs who are actually the main machinery that runs the Real Economy. Progress of the local entrepreneurs is progress of the town they are residing.
This is a microcosm of what is happening to the Philippine Economy where foreign investors came and enjoy tremendous gains. They are using our resources and infrastructures that we have acquired as foreign loans. They may generate employment, pay taxes, but then again they will pass these expenses to the margins of their products. Of course these companies will win because they have the power, influence and money. Adding the factor of our colonial mentality, our local companies and products stands no chance.
If this market is truly built for progress of Guindulman town, a majority of space must be reserved in favor of Local Entrepreneurs, reinforced with industrial/entrepreneurial training and long-term-low-interest loan grants.
Once again, traditional economy is expanding, but real economy is in regress unless the cost of the building is fully paid and the town is debt-free.
The bottom line: Powerful, Rich and influential few runs this country and interests of the masses are often neglected.
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