Large businesses have big budgets for marketing and promotion and as result, people gravitate towards buying their products. what problems does this cause? what could be done to encourage people to buy local products?

Multinational businesses tend to invest huge amounts of capital into advertising their products around the world.

This

level of spending ensured that the product is accessible to be

purchesed

obtain by purchase; acquire by means of a financial transaction

purchased

in every corner of the world. Due to its reach and potential to get the products sold in

valumes

the amount of 3-dimensional space occupied by an object

volume

, the

price

tag of the products will be competitive. Since it is very economical to buy these kind of products, people sometimes tend to prefer

lower

Suggestion

the lower price

price

of the product rather than where it gets produced from.

This

consumer

behavior

manner of acting or controlling yourself

behaviour

impacting local markets negatively. Governments should impose

rariffs

a government tax on imports or exports

tariffs

on these foreign brands and

subsequently

should reduce taxes on the locally made products. Capitalism has never been a

favorable

encouraging or approving or pleasing

favourable

situation for local economies. Because, most of the profits

mad

produced by a manufacturing process

made

by

Suggestion

of

these giant companies never get invested back

in to

expresses motion to a point on, or within, something

into

local

economies pushing

Accept comma addition

economies, pushing

the small scale businesses out of the game.

Moreover

, the capital gains are in the hands of

top 1%

Suggestion

the top 1 %

of the people in the society, preventing it from being circulated

in to

Suggestion

in

into

the domestic markets.

This

phenomenon is making the home trade not profitable.

In addition

to

this

,

Accept space

,

big corporations lack variety and creativity in their product design.

This

is because they are designed in

such

a way, which could work for most of the people but not for all. In one way,

this

is influencing consumer's

choice leaving

Accept comma addition

choice, leaving

them with limited options to

chose

Suggestion

choose

from. In my opinion, Governments should step in and start imposing bigger tariffs on the products made by these massive companies.

This

will increase the

price

of the products manufactured by these giants motivating buyers to look for alternatives. At the same time, governments should encourage local shops and small scale industries by reducing

tax

Suggestion

taxes

on the goods produced by them and by providing subsidies as well.

This

would help

reducing

Suggestion

reduce

to reduce

the

price

of the products enticing customers to buy locally made goods. In conclusion, pricing of the products should be closely monitored and measures should be taken by the governments to maintain the trade in

such

a way that domestic economies are not driven away by the

corporates

of or belonging to a corporation

corporate

.