Small businesses are disappearing and being replaced by large multinational companies. Do the advantages of this outweigh the disadvantages?

Small traders are getting lost and substituted by giant traders. There are both advantages and disadvantages to

this

statement.

However

, the cons are stronger and outweighing the pros.

Firstly

, the main disadvantage is when a large business takes over a small business the whole family, which is dependent on the small business will get affected in every way. The majority of the small scales are run by people who are financially weak. So

this

taking over will make their stand more miserable. The times has quoted that in a year there are precisely 2000 to 3000 families who are getting affected because of the taking over of small scale industries. It

also

affects the job opportunities which are created by small scale industries for the

unprivileged

people who are in remote villages. A weaving commerce in a remote village near Gujarat, India was providing job opportunities for a plethora of people. The majority of them were illiterate and old people, but unfortunately, a major big weaver

industry

took over that company and all of the people were affected and their job was seized.

Secondly

, when a large

industry

takes over a small one it may help the workers in that

industry

to get new clients.

In addition

to that, they might

also

get an appraisal for their work.

For example

, there are MNC’s in India who give their workers hike when their company takes over a small

industry

. To conclude, large ratio industries will run smoothly without taking over the small scale industries but if they do so. The cons cleanly