Many small businesses are being forced to close because they cannot compete with multinational corporations. what problem does this cause, and how can those problems be solved?

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this

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contemporary era, various firms have made their mark worldwide, including both tiny and large corporations. Nowadays, diminutive professions are being suppressed by extensive market partnerships, with tiny enterprises stagnating or on the verge of collapse.

This

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upcoming article discusses the reasons for the increase in

such

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prevalence and the appropriate solutions.

Firstly

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, the primary problem for the dictatorship of large trade over the miniature enterprise is the lack of money that tiny vendors have.

In other words

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, companies ought to spend millions of rupees on any trade promotion and the strength to bear that cost is not in the diminutive vendors;

therefore

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, tiny enterprises do not get proper circulation.

Moreover

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, minor dealers cannot afford to spend on new proposals to grow their industry and adopt new unique selling propositions.

For example

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, In 2016, a cold drink company called “Malta” set up its industry in India, which produced a supremely cheap and tasty drink that was well-liked by the people but foreign corporations like thumbs up made a sharp drop in the price of its bottle to curb the sale of the company's goods and to promote their product;

therefore

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, the “Malta” company eventually disappeared one day.

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, one immediate pragmatic solution to protect the diminutive business is to enforce little corporations' law preferring.

Accordingly

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, the administration should adopt policies that foreign firms cannot suppress domestic traders. Alternatively stated, the government shall provide financial assistance to vendors doing association in their province.

For example

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, residents will be encouraged to boycott foreign aggregations that try to demolish the domestic industry and impose heavy taxes on foreign firms to run their efforts in the country;

thus

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, foreign sellers will refrain from conducting their employment.

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,even though people with minute aggregations sometimes close their businesses in front of large companies;

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, some law enforcement solutions are

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available to overcome

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confronts;

therefore

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, the regime and the inhabitants of the nation always support minor merchants and their little business setups

thus

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, improve the economic situation of the country.

Submitted by The Teaching Desk on Thu Jun 03 2021

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12
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meeting the goal of 7 or more
0
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

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Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

335 words

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Topic Vocabulary:

community character
multinational corporations
economic decline
monopoly
tax incentives
grants
buy local campaigns
niche products
personalized services
economic ecosystem
business partnerships
competitive advantage
consumer choice
market diversity
entrepreneurial spirit

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Many small businesses are being forced to close because they cannot compete with multinational corporations. what problem does this cause, and how can those problems be solved?

In some cities of the world, cars are replacing bicycles. However, in some cities, bicycle are replacing cars. What are the reason for this for these developments? In your opinion, which one is better?

It is important for children to learn the difference between right and wrong at an early age. To what extent do you agree or disagree with this opinion? What sort of punishments should parents and teachers be allowed to use to teach good behaviours to children?

Happiness is considered very important in life,why is it difficult to define? What factors are important in achieving happiness. Give reasons for your answer and include examples from your own knowledge and experiences.