The business represents an organised effort of an individual or strata of
population
engaged in making a living. Due to Add an article
the population
advancement
of technology, Correct article usage
the advancement
majority
of micro sellers Correct article usage
the majority
subsiquently
forced to Correct your spelling
subsequently
Correct your spelling
shut down
shutdown
their enterprise. There are multifarious reasons why small enterprises winding up Correct your spelling
shut down
such
as competitive price and constraint in stocking the variety of products. I propound that it is an advantageous process for the development of a country.
One of the foremost causes of diminishing the sole traders is Linking Words
liberalization
of Add an article
the liberalization
a liberalization
economy
and foreign investment. To gain Add an article
the economy
customer
base multinational companies triggers a price war with local vendors but due to reduced profits Correct article usage
a customer
micro merchants
are enforced to lock their businesses. Add a hyphen
micro-merchants
For
Linking Words
example
Amazon gave big discounts on their website to expand their market reach which hampers the growth of small shops owners. Add a comma
,example
Hence
, economic development has certain repercussion on micro industries. Linking Words
Moreover
, due to hectic lifestyle people prefer to visit a store where they can find different items under one roof.
As sole traders are diminishing due to Linking Words
rise
in multinational brands ultimately boost the production and maximize the utilization of Correct article usage
the rise
resourses
with minimum wastage Correct your spelling
resources
thus
making Linking Words
product
more economical. Add an article
the product
a product
For instance
, China has reduced the input cost by increasing productivity. Linking Words
Therefore
, shutting sole enterprise has certain benefits in Linking Words
longer
perspective. Add an article
the longer
a longer
Furthermore
, micro industries are mostly unorganised Linking Words
hence
its reduction will uprise the organise sector and help governments to increase tax revenue which could be Linking Words
further
invested in economic and social causes.
To conclude, small and big businesses have Linking Words
its
own pros and cons. Correct pronoun usage
their
Linking Words
However
by promoting the Add a comma
,However
organise
sector helps to raise the economic structure and individuals standard of living.Change the verb form
organised
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