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

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With the development of globalisation and liberalisation policies , multinational companies got an immense opportunity to prosper around the world. While
this
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evolution has been proving really beneficial, it is
also
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leading to the disappearance of small enterprises.
However
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, I believe multinational corporations have given us more than they have taken and offers more advantages. It has been observed
since
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for
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a long time that small businesses are slowly vanishing. When an international corporation establishes itself in a
country
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,
people
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may prefer them over small shops as they offer quality products
which
Correct pronoun usage
that
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are less fragile and come with a warranty .
On the other hand
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, small firms not having enough resources cannot guarantee the same .
Moreover
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, it
also
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affects the local crafts of an area.
For instance
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, 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
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of that
people
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buy company made candles, which has made
situation
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the situation
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tougher for potters.
On the other hand
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, Multinational Companies play a great towards enhancing the economy of a
country
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. It introduces various job opportunities among
people
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.
For instance
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, when a company establishes itself , it seeks
for
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apply
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skilled workers, educated
people
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who can speak foreign languages to manage their customers and
a
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apply
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good management staff.
Also
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, as mentioned earlier, it offers better products of different varieties. So,
people
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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
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.
Furthermore
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, 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
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and for its prosperous citizens, as
it
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they
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bring
varried
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varied
worldwide options at the domestic level. Small businesses,
on the other
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hand
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,hand
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can develop themselves to compete with the international level of these corporations.

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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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