Large businesses have big budgets for marketing and production and as a result, people gravitate towards buying their products. What problems does this cause? What could be done to encourage people buy local products?

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Nowadays,
people
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prefer buying the
products
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of large companies which spends a big sum of money on marketing and production. In
this
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essay, I will discuss the problems caused by
this
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behaviour as well ways to encourage
people
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to buy locally produced goods. As companies increase in size and produce more, they
acheive
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achieve
economies of scale.
As a result
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, they are able to compete in the market by offering low prices.
In addition
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, they spend a lot of money on marketing and promotion, which induce
people
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to buy more of their
products
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.
This
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causes a major problem.
People
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are discouraged to buy locally produced
products
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, which can destroy the local economy.
For example
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, Egypt is famous
by
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for
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producing
high quality
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high-quality
show examples
cotton.
However
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, the
garment
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industry is
sufferring
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suffering
because of the intense competition from Chinese
garment
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companies, as they offer very low prices compared with the Chinese alternative.
Consequently
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, Egypt is now exporting the majority of its cotton production as a raw material.
Hence
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,
this
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deprives the
enomony
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economy
from
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of
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the
value added
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value-added
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impact of
manufaturing
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manufacturing
and selling the final product. There are some strategies to overcome that.
Firstly
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, Egypt's government can encourage investments in
garment
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manufacturing by giving incentives to local investors,
for example
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, by reducing taxes for
this
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sector.
Secondly
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,
garment
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manufacturers can produce
high end
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high-end
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products
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with
the
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apply
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high quality
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high-quality
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cotton locally grown, to appeal to
the
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apply
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affluent consumers.
Thirdly
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, the government can encourage small and medium businesses in
this
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sector by providing them
low interest
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low-interest
show examples
loans. In conclusion, price competition from big corporations is fierce, and consumers are lured by low
procies
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prices
proxies
which can kill local industries.
However
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, several
startegies
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strategies
can be made to induce consumers to buy local
products
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.
Submitted by mariam.elmenabawy on

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Answer the 'Problem and Solution' topic

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  • Introduction
  • Body paragraph 1 – Problems
  • Body paragraph 2 – Solutions
  • Conclusion

Examples to start your body paragraph:

  • One of the first problems of the...
  • Another problem that needs to be considered...
  • A possible solution to this problem would be...
  • One immediate practical solution is to...

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