Prescilo N.

Palor IV

UP-FC1-BSAR4-02

The public market is a friendly space for selling different goods. It is a place where
people from different places can bargain or sell with both the buyer and the seller. It
gives the people an opportunity to have a new job for them to survive their day-to-day
living. In contrast to a supermarket, where every product is sold by only one business, a
public market has hundreds of sellers selling food and other items they manufactured
themselves. In addition, a public market creates a relationship to everyone making the
place a more sociable place. Public markets can produce a wealth of business
prospects. Many of these will be chances for businesses and families, particularly women
and minorities who are frequently excluded from the mainstream economy.

Vendors that are being shut out of the mainstream economy may find difficulties
to find a job or source of living. They became street vendors which sells on the street,
sidewalks and creates a blockage to the passage of people and might be a cause of
accidents. Aside from it, privatization of the public market may seem to be a
disadvantage to them. Giving a lot of people less opportunities, they will then have to
discover places where they can sell freely without renting too much and being positioned
in different places where people may not walk by their stalls and what they are
merchandising.

In the case of Baguio city’s public market’s privatization, this may give people
chances to strive more but also will give more people who are having difficulties coping
with their lives a less chance to keep up. People who are having financial problems that
only opens a more challenging position to them because they’ll be needing to raise their
prices and suffer from high rental fees and giving them a lesser chance to sell and resell.
However, when cities develop and planners try to keep up, these unofficial sellers are
frequently ignored by planning decisions, relegated to the periphery by regulations that
don't support their business model or exposed to political ups and downs.
 As the government built this place, the public market has already a lot of benefits,
giving people from different cities an opportunity to sell from one municipality to another,
and giving chances to suppliers from different farmers and a reseller for the good of their
families. This place is a big ground for trading because not only the one who sells inside is
the one this place can help.

The use of public markets as a public trading place not only gives the city people
a breakthrough in their lives but to expand the city’s economy by trading goods from
distant places. However, the existing system of food transportation and distribution
requires vast amounts of energy and resources. As products travel shorter distances, there
are fewer “product miles” associated with both transportation and its related costs. With
less transportation, there is less pollution, less noise, and less energy usage.

Moreover, it also helps other people to sell such as people who roam around the
place just to sell dry goods like clothes and rags. They have similarities to a street vendor
who does not have stalls or places to sell, but to prevent accidents they sell inside the
market. The public market is created by the government for people to have opportunities
to keep up with their own lives and not only depend on what the government can give
them. Privatization of the public market can lose one person’s job, such as government
employees who oversee the market's cleanliness and security system.

Market cleanliness is one of the biggest problems because others want to privatize
the public market. It is the lack of discipline by the consumers and not by the person in
charge of the cleanliness of the place who is to blame. Having consumers who don’t
know how to throw and where to throw their garbage is the one that affects the good
system of a public market, but it is not enough reason to privatize the place. Improving
and making the place clean for the consumers will then help the public market an eco-
friendlier place, which can achieve by the government employees with the help of
proper management.

Public markets also have the benefit of providing better market data through
direct interaction with the client, enabling the manufacturer to discover the consumer's
preferences firsthand. This information can result in higher returns as businesses modify
and expand items to suit consumer demand needs more effectively.
 As is the case with many small firms, cash flow is a crucial factor in determining
success. The fact that public market transactions are cash-based eliminates the concern
with missed or late wholesaler payments. The produce won't be in danger of being turned
down by distributors, who may have stricter product requirements that are unrelated to
the caliber of the product.

Furthermore, providing for individuals is a component of public services. However,

by taking shortcuts or making insufficient investments, private corporations’ benefit from
providing public services. Additionally, Profits in a privatized service must be distributed
to shareholders rather than put back into providing improved services. Interest rates for
private businesses are greater than for the government. In addition, there are additional
expenses related to constructing and governing a fake market.

Therefore, to ensure that everyone's fundamental needs are met and that we
may all participate in the community, public services are crucial. Hospitals and schools
are not luxuries. Public services are a need and a source of reliance for everyone. They
must thus be available and of a high standard for everyone. Privatization frequently
encourages wealthy individuals to pay more and decline to utilize the services that we
all use. This causes divisiveness and makes it more difficult to give everyone access to
great public services

Privatization slips the power of financial and other managerial decisions out of the
government into private hands. This means that the government has limited or no say in
the company’s decisions; neither can the government impose much regulation over the
functioning of the company or its policies.

Privatization may seem to be a good cause, but it does affect all the seller's and
buyers’ lifestyles. This action runs to all that is inside the public market which may lead to
the closing of small businesses caused by this privatization. This will only give them
hardship again to cope with the situation if the public market became private. Having
the public market as it is, will help the buyers and sellers have a good relationship when
it comes to selling and buying goods. The buyer-seller relationship is dynamic in nature
and evolves through time as it grows, matures, and deteriorates.