A Brief Analysis of Street-Stall Economy

Jinze Liu ()
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Jinze Liu: University of Rochester, School of Arts and Sciences

A chapter in Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), 2023, pp 219-226 from Springer

Abstract: Abstract In recent years, China's urban landscape has undergone a significant transformation, characterized by the rapid and robust development of its cities. Amidst this urban evolution, a distinctive economic phenomenon has quietly emerged: the Street-stall economy. This term refers to a unique form of economic activity where individuals generate income by operating stalls or small businesses in public spaces. Unlike traditional brick-and-mortar establishments, the street-stall economy thrives in a free and highly competitive market environment. What sets the street-stall economy apart is its accessibility and appeal to a growing number of low-income individuals and entrepreneurs. This economic model offers a level playing field, allowing people from diverse backgrounds to participate and engage in commerce. The street-stall economy embodies the spirit of grassroots entrepreneurship, enabling individuals to showcase their creativity, talents, and goods to a broad audience. As this economic trend gains momentum, it not only provides a source of livelihood for many but also contributes to the vibrancy and diversity of urban life. Furthermore, it fosters a sense of community as local residents and tourists alike come together to explore the unique offerings of street stalls. The street-stall economy is a testament to China's evolving economic landscape, reflecting the dynamic and adaptive nature of its urban areas.

Keywords: China’s Urban Transformation; Street-stall Economy; Grassroots Entrepreneurship; Economic Accessibility; Urban Diversity (search for similar items in EconPapers)
Date: 2023
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DOI: 10.2991/978-94-6463-298-9_24

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