FLEA MARKET ECONOMY INFLUENCING LOCAL INDUSTRY: SYSTEM ANALYSIS OF LANDA BAZAAR IN PAKISTAN

Abstract

The data presented in this research paper entitled “Flea Market Economy Influencing Local Industry: System Analysis of Landa Bazaar in Pakistan” was researched using qualitative anthropological techniques. In this research 25 respondents 10 shopkeepers from the local market, 10 shopkeepers from Landa Bazar, and 5 customers were selected through purposive sampling. The locale for the study was based on multiple markets in Rawalpindi. The time scale of this research was 4 months. The main objective of this research was to study the economic impacts of the Landa bazaar (flea market) on the local economy. In the last decade, the use of second-hand clothing has been increased in Pakistan. The research shows that on temporary basis periphery countries are in an advantageous position as they are receiving high-quality products at cheaper rates and it is also creating a number of employment opportunities. But no one can deny the fact that over time the trade of second-hand clothing will put a negative impact on the local production of Pakistan as the local industries lack in providing compatible products at cheaper rates. Thus it can be said that the donation from the core will participate in the demolishing of the local industry of Pakistan. It is suggested that the government must quantify the number of job opportunities created by this trade and also predict the number of job losses in the domestic clothing industry due to an upsurge in demand for imported secondhand clothes, to facilitate the policymakers to develop their policies effectively. Keywords: Landa Bazaar, flea market, local economy, second-hand clothing, employment opportunities, system analysis