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.