Trunk Vendor Economy: Development, Current Situation and Challenges — The Case of Changsha City
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i2.1993
Abstract
As a traditional economic form with a long history, the ground stall economy has ushered in new development opportunities in recent years. Taking Liuyanghe Street in Kaifu District and Orange Island Street in Yuelu District of Changsha City as samples, this paper explores the development, status quo, challenges and coping strategies of the trunk bazaar as a new type of ground stall economy by collecting first-hand data and understanding in detail the information on the composition of its vendors, types of vendors, and business modes. The study found that trunk bazaars play an important role in providing entrepreneurial opportunities, promoting consumption, and enlivening the market, but they also face challenges in terms of management regulation, market competition, and safety and security. In order to realize the sustainable development of the trunk bazaar economy, it is necessary for the government, enterprises and all sectors of society to work together to establish a sound management mechanism and support system.
Keywords
ground floor economy, trunk bazaar, entrepreneurial opportunities, market competition
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[3] Wu Hao. Research on the emergence and development of trunk bazaar in Britain [D]. Shanghai Normal University,2023.
[4] ZHANG Jingqi, LI Sitong. "Trunk" Lights Up the City's New "Night"-An Exploration of the Regulatory Difficulties of Social Work Involvement in the New Type of Ground Floor Stall Economy[J]. Chinese Science and Technology Journal Database (Full Text Edition) Social Science, 2023,(6):136-138.
[5] Zhang Bingqing,Jia Zhimin. Research on legal issues of ground floor economy in the post epidemic era[J]. Modern Business,2021(2):12-14.
[6] Lin Zibo. "Trunk Bazaar" and Urban Development[J]. China Foreign Investment,2023,(14):60-62.
[7] HUANG Hui-ming,CHEN Ming. The Progress of the Rule of Law in Ground Floor Management[J]. Administration and Law, 2020(9).
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