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

Nowadays multinational companies are setting up their branches all over the world. The main advantage of
this
kind of industries will provide more job opportunities to the society. The main disadvantage will be over time work. Global companies increase the employment and reduce poverty and the students who are coming out of college will get good profiles from the MNC's.
For example
, giant companies
such
as TCS, Infosys
,
Accept space
,
Wipro will conduct campus drives and walking drives for both experienced and fresher candidates. These opportunities are not only for educated people,
although
people do not have sufficient educational qualification
also
get jobs here.
For instance
cleaners and security staffs. So the job seekers do not need to search vacancies outside their hometown or outside their country.
On the other hand
, giant companies will replace all the small ventures, and
this
leads to losing market for small businesses. Some products which we are using as per our cultural identity will be forgotten because of the use multinational products. It
also
affects the opportunities which are created by the lower scale industries.
for
Suggestion
For
example, the people who all are living in remote villages will lose their jobs because traditional businesses will replaced by modern products. To conclude, multinational companies bring jobs to skilled and unskilled labour and help individuals to live good life
also
producing high quality low scale products. But sometimes they want to work harder and over time
also
we may need to compromise some of the cultural aspects.
Submitted by dereksidh on

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Word Count

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Topic Vocabulary:
  • Displacement
  • Economies of scale
  • Local economies
  • Standardization
  • Cultural homogenization
  • Personalized service
  • Innovation
  • Community investments
  • Environmental impact
  • Competitive prices
  • Tax contributions
  • Job losses
  • Cultural diversity
  • Local employment opportunities
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