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
Correct pronoun usage
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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apply
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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
Correct pronoun usage
them
show examples
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
Correct your spelling
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.
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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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