Sustainable Traditional Market Innovation in Modern Online 5.0 System Market Development

Abstract

The decrease in income from sales in traditional markets is the thing that is most feared by ordinary people, where they do not know the Concepts of an online-based market economic system. This study aims to analyze how effective the merger of traditional market systems and online-based modern markets is in forming a sustainable market system in the midst of the upcoming 5.0 world development era. This research uses a qualitative method by reviewing some literature on previous research which is developed into a new system development. Therefore, the result from this paper is several innovations are made that can maintain and develop traditional market systems amid the development of online-based market systems by conducting several simple surveys. The novelty of this system is its ability to provide several innovation references to the general public, in particular, people work as traders in traditional markets in balancing the traditional market system amidst the development of online-based markets. Apart from that, it also helps in developing traditional market systems so as to minimize the decline in traditional market power towards online-based markets. So that it can survive and stabilize the traditional market system.