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

With the development of globalisation and liberalisation policies , multinational companies got an immense opportunity to prosper around the world. While
this
evolution has been proving really beneficial, it is
also
leading to the disappearance of small enterprises.
However
, I believe multinational corporations have given us more than they have taken and offers more advantages. It has been observed
since
Change preposition
for
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a long time that small businesses are slowly vanishing. When an international corporation establishes itself in a
country
,
people
may prefer them over small shops as they offer quality products
which
Correct pronoun usage
that
show examples
are less fragile and come with a warranty .
On the other hand
, small firms not having enough resources cannot guarantee the same .
Moreover
, it
also
affects the local crafts of an area.
For instance
, in
India
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,India
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it has been a tradition to ignite oil lamps made of clay,
on
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at
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the festival called Diwali, but nowadays
instead
of that
people
buy company made candles, which has made
situation
Add an article
the situation
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tougher for potters.
On the other hand
, Multinational Companies play a great towards enhancing the economy of a
country
. It introduces various job opportunities among
people
.
For instance
, when a company establishes itself , it seeks
for
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apply
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skilled workers, educated
people
who can speak foreign languages to manage their customers and
a
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apply
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good management staff.
Also
, as mentioned earlier, it offers better products of different varieties. So,
people
can enjoy
world class
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world-class
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services
at
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in
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their home
country
.
Furthermore
, these corporations increase the level of competition in the market , so local firms improve themselves in order to stay in business. It can be concluded that multinational companies are really important for the economic growth of a
country
and for its prosperous citizens, as
it
Correct pronoun usage
they
show examples
bring
varried
Correct your spelling
varied
worldwide options at the domestic level. Small businesses,
on the other
hand
Add the comma(s)
,hand
show examples
can develop themselves to compete with the international level of these corporations.
Submitted by girijanandni311 on

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Topic Vocabulary:
  • Displacement
  • Economies of scale
  • Local economies
  • Standardization
  • Cultural homogenization
  • Personalized service
  • Innovation
  • Community investments
  • Environmental impact
  • Competitive prices
  • Tax contributions
  • Job losses
  • Cultural diversity
  • Local employment opportunities
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