Final answer:
Market structure refers to the organization and characteristics of a market, including the level of competition. The development of malls in Zambia can support the transformation of small holder farmers into medium and large-scale farmers by providing a centralized location for selling produce, accessing market information, and connecting with buyers.
Step-by-step explanation:
Market structure refers to the organization and characteristics of a market, including the number of buyers and sellers, the type of products being sold, and the level of competition. There are four main types of market structures: perfect competition, monopolistic competition, oligopoly, and monopoly. Each stage of market structure evolution represents a different level of competition and market power.In the case of the retail sector in Zambia, the development of malls can play a crucial role in transforming small holder farmers into medium and large-scale farmers in the long run. Malls provide a centralized location for farmers to sell their produce, access market information, and connect with potential buyers. The presence of malls also promotes infrastructure development, such as roads and transportation systems, that can facilitate the growth of the agricultural sector.By facilitating the transition from subsistence farming to commercial farming, malls can provide small holder farmers with the resources and opportunities to increase their productivity, expand their operations, and access larger markets. This can lead to higher incomes, improved living standards, and overall economic development in rural areas.