Many small businesses are being forced to close because they are unable compete with multinational corporations? What problems does this cause and how can problems be solved?
Owing to the increasing competition from the international companies, most of the local businesses are continuously collapsing as they are unable to cope with the foreign goods.
This
essay will discuss that it would diminish the sources of livelihood for the general people, and Linking Words
further
submit that sufficient availability of resources by the authorities, as a viable solution.
To commence with, there are several problems associated with Linking Words
this
phenomenon.Linking Words
However
, the major factor is that the closing of the smaller firms means a threat to the survival of the local businessmen.Since they are highly dependent on the sale of their goods, as they earn a living by selling their products.But the growth of the multinational industries would minimise the demands of their materials as large business companies are known for the quality of their manufactured substances.Linking Words
For instance
, in India, in the recent years, tremendous foreign corporations have made a huge investment because it has a greatest market in the world.Linking Words
Hence
, local markets would die soon.
To mitigate Linking Words
this
issue, the administration authorities must come forward to prevent the decline of the small entrepreneurs.Linking Words
This
means that the regimes should adopt an adequate policy so that business persons of their own country do not suffer.If governments allocate funds to reduce the deficiency of resources, Linking Words
then
it will minimise the scope of their progress despite the growth of the global companies.Linking Words
For example
, in India, the governing body provides subsidies to the young people, who are new in the business in order to fuel their trade.
In conclusion, Linking Words
although
small traders are facing stiff competition from the developed organisations and are consistently losing their significance and it will adversely affect their normal lifestyle, a possible solution would be to assign capital to these people through various grants in order to provide them latest sources to nurture their career development.Linking Words
Submitted by kajalmaan.16 on
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Answer the 'Problem and Solution' topic
Problem-and-solution essays fall naturally into two parts, the first describing and exploring the problem, the second setting out the solution or solutions.
You essay structure should look something like this:
- Introduction
- Body paragraph 1 – Problems
- Body paragraph 2 – Solutions
- Conclusion
Examples to start your body paragraph:
- One of the first problems of the...
- Another problem that needs to be considered...
- A possible solution to this problem would be...
- One immediate practical solution is to...