Research

1 Introduction

1.1 Chapter Introduction

1.2 Research Aim: The research aim is to find out the impact in economy and people’s daily life

if the street shops are removed from Dhaka city.

1.3Research question and objectives: The research question and objectives are:

Research question : How do street shops effect to economy?

Objectives: To identify the influences of street shop in economy.

Research question: What are the impacts of street shop in peoples in daily life?

Objectives: To know people’s daily need related to street shop.

Research question: How the economy and daily life will be affected if the street shops

are removed from Dhaka city.

Objectives: To evaluate the impact of street shop in economy and daily life.

2. Literature Review :

Overview of Economy:

According to microeconomics book by MC GRAW HILL, economy is inter-related to

production and consumption activities which help to determining how limited resources are

allocated. An economy consists of the production, distribution and consumption of goods and

services and trade of this goods and services in our society. The economies agents do distributing

process of the goods and services in the society. Economy uses the scarce resources to obtain the

maximum satisfaction of society by producing, distributing and consuming goods and services.

N.GREOGORY MANKIW defined; Economy is the study of how society manages its

inadequate resources. Economy helps to society manages its insufficient resources to produces,

consumes valuable goods and services and distribute among different people.

According to Economies book (page 4), Economies is the study of study of how an individual or

organization use its scarce resources in any economies condition regarding macro and micro

environment and can maximize its own growth. Economies help to the societies to the scarce

resources to produces valuable goods and services and trade them among different individuals.

An economies study not only helps to produce goods and services by scarce resources but also

helps to international trade and finance and the impacts of globalization. And it involved in

opening up borders to free trade. Economy influence any country their fluctuations in credit,

unemployment and inflation.

PAULK RUGMAN defined; an economy system for producing consuming and distributing

goods and services. Goods are scarce because people desire much more than the economy can

produce. Economic goods are scarce, not free and society must choose among the limited goods

that can be produced with its available resources. Economy is coordinated to society’s productive

activities. The economy encompasses everything related to production and consumption of goods

and services in an area.

Marshall, Alfred. (1890[1920]) Principles of political economy v.1, pp.1-2[8 th ed.] London.

“Economics is a study of man in the ordinary business life. It enquires how he gets his income,

and how he uses it. Thus, it is one of the one sides, the study of wealth, and on the other and

more important side, a part of the study of man.” Economics defines a person’s status in life.

People who have higher paying jobs have a higher status in life which shows by how big their

homes are, what kind of car they drive, and many other outward appearances. If you study the

wealth of the man you can often find that they are hardworking people, as well as outgoing, and

that they know how to spend their money wisely. The ordinary man must know how to budget

and ration his money in order to become successful at what he does.

It is the economic system of any country and the combination of labor, capital and natural

recourses related to manufacturing, distributing, trading and consumption of goods and services

area of that country. It tries to balance the resources and the productions system is based on the

needs and wants of the customer. It concern on the product that how the product is produced,

what is produced and how people getting it. It is a social science which study human behavior. It

deals with household affair as well as ordinary business.

According to Paul A Samuelson and Willium D Nodhaus, it is the study of the people of society

that how they use available resources to produce valuable product and distribute those product to

them based on their different need and wants. So we can say that this is closely related to

people’s life that what people want based on their income and life style. That’s how it also

affected the supply and demand of a country that what are the demand of any product and how it

supply. So it studies the human as well as the wealth. It relates how people earn their income and

how they spend it. Mans needs are not as much as want is. Wants are depending on income.

Resources are uses for people’s well-being so it includes that those product which is produced by

using resources that’s satisfied those people or not.

According to economics book by MCCONNELL BRUE FLYNN Economy which is the

social science concerned with how individual institution and society make best choice any

condition of scarcity. Economic help to productive resources such as labor and managerial talent

tools and machinery and land mineral deposits. The economy system helps us produce goods and

services by resource and employee. The satisfy many of our economy wants. But reality is that

our economy wants for exceed the productive capacity of our limited resource and forced to

make choice by us. So we know our resources are limited. So we used proper way of our

resources. If we can proper way of our resources so our production capacity is exceed. For this

reason we are doing our economy growth is good. If we doing economy growth good so we can

easily exceed production of our limited resource. If we can economy growth will exceed so our

resources will increase. Production will exceed so we can easily consuming our product and will

be distribution our product easily the people. So for this one country very important things

economy growth is good because its depend for our business and production house. Economy

uses the scarce resources to obtain the maximum satisfaction of society by producing,

distributing and consuming goods and services.

Types of Economy: There are four types of economy these are-

Traditional Economy: It is culture based economy which uses tradition to make own rules and

regulation of any countries based on some custom and ritual. Like: Amazon Tribes if they have

no money they can exchange their product like someone is producing basket and someone pot

then they can exchange their product, it is like barter system.

Command Economy: This economy is controlled by government where government makes all

the decision. Producer makes all those things which they are commanded. So the most people

can enjoy similar kind of product. In this economy there have one problem that investment is

limited. Like: Bangladesh electricity business it is controlled by government so in this sector

investment is low.

Market Economy: It’s customer or individual based economy which depends on the choice and

preferences of the customer. In this economy government rules is limited. Here products are

made for customer whom they will buy. So the main factors are supply and demand. If customer

doesn’t buy the product then the will demand fall.

Mixed Economy: The mixed economy is the combination of command and market economy.

Some are controlled by government and some are privatized. The developed countries follow this

economy. Like: U.S.A and Japan.

3. Introduction of Methodology

3.1Research Approach:

There are two types of Research approaches

1) Deductive approaches

2) Inductive approach

Deductive approach: A deductive approach is concerned with established a theory try to test

this theory in a new situation and justify its in existing theory. Deductive approaches are

generally associated with quantitative research.

Inductive approach: An Inductive approach is analysis the empirical data first and then

developing this empirical finding to establish theories. Inductive approaches are generally

associated with qualitative research.

We will do both deductive and inductive research approach. Most of the data are quantitative and

a few data are qualitative.

3.2Research Strategies: Our research strategy is survey based. We will collect data from street

hawkers to come into a conclusion and collect data using questionnaires. We use structure

interview question. We will ask 12 fixed question to our targeted population. We will do survey

on street hawkers and age is not fact in our survey. We will collect data from various age.

3.3Data Collection: Two Way of data collection:-

1) Primary Data

2) Secondary Data

Primary data: Primary data one those which are collected by researcher directly from the

sources.

Secondary data: Secondary data are those which are collected by other researchers and

institution to meet the other research aims.

We will use the Primary data. We will collect Primary data by doing survey. Our questionnaires

mostly are close indeed and few are opened indeed.

We will use simple random sampling. Every street hawker has an equal chance of being included

in the sample. We guess that our error will be 5%.

As the major part of empirical data are quantitative. So we will use MS- Excel for analysis our

data.

On the basis of time and cost involved we think that sample size 30 would be manageable for us.

4. Data and Analysis

4.1 Questionnaire linked to the Objectives:

1 ) What is your approximately income?

2) If any reason your business is close what will be affect in your life style?

a) Doing another work

b) Remain unemployed

c) If get another work, will do

d) Doing same business in another place.

3) How much yearly Tax you give the government?

4) How much your monthly profit in your business?

5) Is your income is enough to maintain your family?

a) Well

b) Approximately

c) Cannot operate family

d) Getting help from other family member

6) If your shop removes from the road side, what should you do?

a) To find another profession

b) Will be unemployed

c) Will be involved illegal work

d) No comment

7) What affect will be happened in your business at occasional time?

a) Increase income

b) Decrease income

c) No effect

d) Middle

8) Which time is more sells in the day?

a) Morning

b) Afternoon

c) Evening

d) Night

9) Which class buyers are more?

a) Higher

b) Middle

c) Lower

d) Everyone

10) Place is affected your business?

a) More

b) Less

c) No effect

d) Approximately

11) How many family members are depends on your income?

12) You know that road shop is illegal why you setup this shop?

a) Know

b) Don’t know

c) Nothing do other thing

d) No comment

4.2 Analyses:

1) Approximately income?

As we are doing approximately income of the businessman who are related to street sides

business. So their average income for per day is 500-700. Basically it depends on that which kind

of business they are doing. Like some are doing “Pan & cigarette” business, some are cloth,

some are shoes and so on. So it verifies the income depends on category.

2) Business will be close what will be affect?

a) Doing another work

b) Remain unemployed

c) If get another work, will do

d)Doing same business in another place

A B C D0

2

4

6

8

10

12

14

Series 1Column1Column2

3) Yearly Tax?

Every business man has to pay their income tax to the government. These business men paid

average 7000-10000 taka per year to the government. It also depends their income that how

much profit they are having from their business.

4) Your monthly profit?

The main aim is for doing business is profit. Every business man wants to do profit as much as

they can. So these business men are also doing profit from their business. The average profit is at

least 12000 to 13000. It’s also depends on the types of business.

5) Income is enough to maintain your family?

a) Well

b) Approximately

c) Cannot operate family

d) Getting help from other family member

AB

CD

0

2

4

6

8

10

12

14

16

18

20

Series 1

Column1

Column2


6) Shop removes from the road side

a) To find another profession

b) Will be unemployed

c) Will be involved illegal work

d) No comment

A B C D0

2

4

6

8

10

12

14

16

18

20

20

5

32


7) Business at occasional time?

a) Increase income

b) Decrease income

c) No effect

d) Middle

A B C D0

5

10

15

20

25

30

25

02

3


8) Time is more sells

a) Morning

b) Afternoon

c) Evening

d) Night

1

6

20

3

Sales

ABCD

9) Which class buyers are more?

a) Higher

b) Middle

c) Lower

d) Everyone

A

B

C

D

0 2 4 6 8 10 12 14

1

14

3

12

Column2Column1Series 1

10) Place is affected your business?

a) More

b) Less

c) No effect

d) Approximately

A B C D0

5

10

15

20

25

23

1 15

0

Series 1Column1

11) How many family members depend on your income?

When we ask those business men that how many people are depends on your only

income majority of them said that 5 people are depends on their income. So it is really

tough to maintain 5 people as in own income.

12) You know that road shop is illegal

a) Know

b) Don’t know

c) Nothing do other thing

d) No comment

AB

CD

0

5

10

15

20

25

Series 1

Series 2

Series 31

0

21

8

Series 1Series 2Series 3

5. Conclusion:

It is the economic system of any country and the combination of labor, capital and natural

recourses related to manufacturing, distributing, trading and consumption of goods and services

area of that country. Street side’s shops are influence in our economy. We are doing research on

street side shop and we are conclude that its effect on our economy. Because hawker’s incomes

are increased our GDP and street shops for employed them. If the street shops are removed from

the road sides, the hawkers became unemployed and they will do unethical work. Stop their

business, they became unemployed and their income sources are stop. For this reason, our

economy has become weak.

Economy & Finance

Research