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

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Minor investment entities seem to have vanished and been drawn out by major firms . Due to industrialization , an increase of economy and development in trade , other countries invest in multinational cooperatives and
thus
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lead to fading of compact entities. Extensive institutions bring economic advancement and employment opportunities . The entry of
such
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bureaus increases the trade relations between nations , in-turn yielding profits to both parties . They not only upsurge the financial state of the country but
also
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create employment opportunities for all of society .
For example
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, a developing country trading with a developed strong nation, leads to profits in the currency of the larger nation,
thus
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benefiting the developing country to a great extent .
On the contrary
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, due to the development in
such
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trade-related bonding , the native compact companies which run on low income take a hit .
As a result
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of
such
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rise, minute companies fail to compete in the market against the larger companies , leading them to bankruptcy.
For example
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, a company providing household cleaning services will lose its charm when a huge tech company launches a vacuum cleaner at half the price of the service.
This
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causes loss of jobs to many families trying to make ends meet. In conclusion, the advantages of urbanization include the success of the nation , gains but
also
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a source for the end of some dwarf companies.
Thus
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, In my opinion, we must find a balance and make amends to retain the profits but not affect the existing organisational set up in the provincial. Redressing the investments into small scale companies can be a good start for the same.
Submitted by dereksidh on

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Topic Vocabulary:
  • Multinational companies (MNCs)
  • Economies of scale
  • Cultural homogenization
  • Market saturation
  • Local enterprise
  • Corporate monopoly
  • Globalization
  • Grassroots
  • Economic revitalization
  • Consumer choice
  • Cultural diversity
  • Socio-economic impact
  • Market dynamics
  • Corporate social responsibility (CSR)
  • Environmental stewardship
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