Many small business are being forced to close because they are unable compete with multinational corporation? what problems does this cause and how can problems be solved?

It is one of the facts that those owners need to compete with each other in the

business

world. Some are lost and forced to shut down the

business

. Some might conquer and become the number one in the industry.

However

, one undeniable fact is that many people who own a small

business

need to shut down their

business

due to the larger company. The following paragraph will be discussing the cause and solution for the problem.

To begin

with, economics in the modern world has a significant development because capitalism encourages small businesses to challenge larger enterprises.

This

problem is the consequence of

government

policy. If there is competition between companies, economics are likely to overgrow, making the

government

gain

taxes

from

business

. And, these

taxes

will become the blood of the country to develop the country.

However

, there are some solutions to

this

problem. Meanwhile, the authorities still gain the

taxes

.

Firstly

, the

government

should adjust policies, reduce

taxes

for small businesses, and support them to compete with others while increasing

taxes

for the larger company. The larger company should donate the money to societies to develop communities

instead

of getting more payment. The

government

should play an essential role in

this

competition to make small businesses equal to larger firms because it is hard to survive after competing with larger enterprises. And, the other reason is to make the competition between small and larger companies going on, to make the economy grows up to reduces poverty in people.