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?
Nowadays, people prefer buying the products of large companies which spends a big sum of money on marketing and production. In
this
essay, I will discuss the problems caused by Linking Words
this
behaviour as well ways to encourage society to buy locally produced goods.
As companies increase in size and produce more, they achieve economies of scale. Linking Words
As a result
, they are able to compete in the market by offering lower prices. Linking Words
In addition
, they spend a lot of money on marketing and promotion, which induce people to buy more of their merchandise. Linking Words
This
causes a major problem. People are discouraged to buy locally produced products which can destroy the local economy. Linking Words
For example
, Egypt is famous for producing high-quality cotton. Linking Words
However
, the garment industry is suffering because of the intense competition from Chinese corporations, as they offer very low prices compared with the Chinese alternative. Linking Words
Consequently
, Egypt is now exporting the majority of its cotton production as a raw material, which can be produced outside the country. Linking Words
Hence
, it deprives the country of the value-added impact of production on the economy.
There are some strategies to overcome that. Linking Words
Firstly
, the government in Egypt can encourage investments in apparel manufacturing by incentivising local investors, Linking Words
for example
by reducing taxes for Linking Words
this
sector. Another strategy is to provide low-interest loans to small and medium-sized businesses.Linking Words
Secondly
, the manufacturers can produce high-quality output with high-quality cotton locally grown, to appeal to high-end consumers.
In conclusion, price competition from the big corporations is fierce, and consumers are lured by low prices which can kill local industries. Linking Words
Nonetheless
, several strategies can be made to induce consumers to buy local commodities.Linking Words
Submitted by mariam.elmenabawy on
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Answer the 'Problem and Solution' topic
Problem-and-solution essays fall naturally into two parts, the first describing and exploring the problem, the second setting out the solution or solutions.
You essay structure should look something like this:
- 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...