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?

A current setback discussed is the role of big companies play in closing local stores, as the latter

are

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is

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being suffocated. The paragraphs below will outline

this

trend, evidencing the outcomes of

this

act and possible solutions to settle it.

To begin

with, several small stores are family businesses

which

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that

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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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since part of these people

do

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does

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not invest in another career.

Moreover

, looking at an economic point of view, having big commerces domaining the market may be problematic, as there will not have competition and they will charge the price they find interesting.

For instance

, in São Luis, a Brazilian city, there is only one supermarket chain. Because of

this

, some products are extortionate and the population is unable to search for

it

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them

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in other establishments, as there are none. In spite of the aforementioned fact, there are some options that can be applied in different aspects to solve

this

issue.

Fistly

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Firstly

First

, the population must encourage local shops and groceries, buying items from them

instead

of other places.

Secondly

, the government must incentive a just trade, imposing higher taxes to enterprises with higher incomes,

hence

, equaling the final selling prices of their goods.

As a result

, people would choose where to buy based on their will, not on the money wasted.

Therefore

, 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 lead to overcharging in their products, as they would domain the market.

Besides

the population opting to purchase in local trades to diminish their closure possibility, the government could

also

apply economical measures to equal the final selling price.