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?
Globalization has affected many small
businesses
native to the Use synonyms
country
. Opening up of economies to multi-national companies (MNCs) forced many medium and small Use synonyms
businesses
to shut down their operationsUse synonyms
,
because they were unable to survive the competition from the MNCs. Small Remove the comma
apply
businesses
are Use synonyms
also
essential contributors to a nation’s economy, Linking Words
therefore
, supporting them is important.
When small Linking Words
businesses
of a Use synonyms
country
are closed down, it will affect the Use synonyms
government
as well as the citizens. Use synonyms
For example
, when small-scale Linking Words
manufacutrers
shut down, the consumer is offered Correct your spelling
manufacturers
with
limited choices that are only from the big companies and, Change preposition
apply
as a result
, they will be forced to buy Linking Words
products
at the price fixed by these Use synonyms
mult
-national manufacturers. Correct your spelling
multi
In other words
, the big company becomes a monopoly in the market. Linking Words
Use synonyms
Government
is Correct article usage
The government
also
affected since the Linking Words
products
which Use synonyms
where
earlier made in the Replace the word
were
country
, had to be now imported, in turn reducing the Gross Domestic Product (GDP) of the Use synonyms
country
.Use synonyms
Therefore
, it is important to regulate the influence that the international players have in our commercial markets.
There are various initiatives that can be implemented to protect micro-industries from Linking Words
the
exposure Correct article usage
apply
towards
international industries. Change preposition
to
Firstly
, Linking Words
Use synonyms
government
must regulate the Add an article
the government
amount
of Change the quantifier
number
products
that the big companies can import, namely, through import duties and additional taxes. Use synonyms
Secondly
, subsidies can be provided to native manufacturers, Linking Words
for
Linking Words
example
the subsidies to ‘MSMEs’ provided by the Indian Add the comma(s)
,example
government
to support Use synonyms
businesses
in the Use synonyms
post pandemic
world. Add a hyphen
post-pandemic
Third
, will be to enlighten consumers about the importance of buying native Linking Words
products
, through campaigns like “Vocal for local” and “Make in India”. These steps would support micro-industries to compete against international players.
In summary, local manufacturers are being forced to shut down due to the stiff competition from the multi-national Use synonyms
products
which started penetrating the market with the advent of globalization. The closure of local industries will impact a nation’s economy, so, there are various initiatives, that should be implemented to find a solution to Use synonyms
this
crisis.Linking Words
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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...