Many small businesses are being forced to close because they are unable to compete with multinational corporations. What problems does this cause and how can those problems be solved?
In
this
contemporary era, it is irrefutable that globalisation is affecting many domains, business is one of them. A plethora of low-income business is being compelled to shut down due to the incapability of competing with international organisations. This
results in the closure of small regional shops and the government
should not only promote local businesses but also
create local markets
. The upcoming paragraphs will shed light on these in details.
To commence with, the pivotal repercussion of this
trend is that small local shops are getting closed. In addition
, if the giant shopping malls advertise their products
in the markets
, the local convenience stores will not be able to compete as they do not have enough wealth for the endorsement of their products
. For instance
, a survey recently conducted by BBC News has revealed that many regional stores closed after Big Bazaar entered the Indian market in the last
decade. Moreover
, This
affects many families who depend on those small stores for their bread and butter. Therefore
, the entrance of multinational companies affects local businesses badly.
To tackle this
problem, the government
should promote the regional products
through the media, newspapers, and other means such
as radio. Furthermore
, the authorities can create local markets
where regional small businessmen can do their business. For example
, research conducted by The British Government
shows that India helped many small cotton shopkeepers by creating local markets
in its major cities in the last
two decades. Thus
, helping local shops by creating a marketplace and promoting their goods can resolve this
problem.
In conclusion, this
essay discussed that because of global organisations, small local businesses are being closed. The solution to this
problem lies with the government
who can tackle this
by installing new marketplaces and creating awareness in the public to use the regional products
.Submitted by Chandan Kumar Singh 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...