Many small businesses are being forced to close because they are unable compete with multinational corporations? What problems does this cause and how can problems be solved?

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A current setback discussed is the role of big companies play in closing local stores, as the
lattest
Correct your spelling
latest
ones are being suffocated. The paragraphs below will outline
this
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trend, evidencing the outcomes of
this
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act and possible solutions to settle it.
To begin
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with, several small stores are family businesses
which
Correct pronoun usage
that
show examples
sustain a whole household from generation to generation, existing for decades. Shutting down these businesses can cause the
lost
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loss
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of family heritages and their money source
,
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apply
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since part of these people
do
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does
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not invest in
other career
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another career
other careers
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.
Moreover
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, looking at
a
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an
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economic view, having only big commerces domaining the market may be problematic, as there will not be
competition
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competitive
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and they can charge the price they find interesting.
For instance
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, in São Luis, a Brazilian city, there
are
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is
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only one supermarket chain. Because of
this
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, some products are extortionate and the population is
unabled
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unable
enabled
to search for
it
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them
show examples
in other establishments, as there are none. In spite of the aforementioned fact, there are some options that can be
applyed
Correct your spelling
applied
in different aspects to solve
this
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issue.
Fistly
Correct your spelling
Firstly
First
, the population must encourage local shops, buying items from them
instead
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of other places.
Secondly
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, the government can incentive a just trade, imposing higher taxes
to
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on
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enterprises with higher incomes,
hence
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, equaling the final selling prices of their products.
As a result
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, people would choose based on their will, not in wasted money.
Therefore
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, working on these suggestions, small enterprises might not close and could compete fairly. To summarize, the advent of multinational corporations can destroy families income sources and, as they would domain the market, lead to overcharging in their products.
Although
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,
besides
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the population opting to purchase in local trades to diminish the closure possibility, the government could
also
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apply economical measures to equal the final selling price.
Submitted by alexandretco on

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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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