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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In today’s modern world, it can be said that multinational
corporations
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hold the most power.
This
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presents an issue for various spheres in our society, from an economic standpoint to the political realm.
However
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, the most pressing challenges that
corporations
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pose can be seen in the rapid decline of small
businesses
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, as they are being forced out of the competition. We will discuss possible problems arising from
this
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and how they could be solved. Possibly the major problem that
corporations
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cause is the creation of monopolies in the market. If a corporation is powerful enough, they drive out and buy out all their competitors until there is no one left, and they dominate the market.
This
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creates a monopolistic hierarchy because companies or
corporations
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have total control of a market, and they dominate their sector or industry.
For example
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, the multinational grocery retailer Tesco dominates the grocery sector, forces others out of the industry and makes it impossible for other
businesses
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to compete with them.
Thus
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, large
corporations
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make it even harder for small
businesses
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to survive or establish themselves because the power imbalance is even greater.
As a result
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, when small
businesses
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are forced to close, many people lose their main sources of income and must find new ways to support themselves.
On the other hand
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, there are different approaches, which could include government support and tax breaks for small
businesses
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and introducing substantial corporation taxes and policies that make it harder for
corporations
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to monopolise and drive away small
businesses
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. In conclusion, it appears that in order to save small
businesses
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, governments would have to provide some kind of protection for small business owners and introduce bigger mandatory taxes for
corporations
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that would restrict their power.

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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