In many places, large chain stores are taking over the marketplace, making it impossible for small businesses to compete with them. what are the advantages and disadvantages of this situation?
In the past decade, we have observed that big corporations,
such
as food or clothes companies, are monopolizing the market. Linking Words
However
, Linking Words
this
trend is highly controversial, as Linking Words
this
expansion might result in the extinction of local businesses.
Supporters of Linking Words
this
trend point out some advantages. Linking Words
Firstly
, these big sellers have higher purchasing power. Linking Words
Therefore
, they usually buy more products directly from the manufacturers, and they may have better deals which might result in products with reduced prices for consumers. Linking Words
Secondly
, as these companies have different stores spread across cities (or countries), they must ensure that all of them follow the same standardized procedures. Linking Words
This
can be beneficial, as it could result in better products being offered to the population. Linking Words
For instance
, it does not matter where in the globe, all McDonald’s meals have the same taste and the same quality.
Linking Words
Although
I agree that the above points are valid, I do not believe they outweigh the numerous disadvantages of having these retailer corporations dominating the marketplace. Not only are small businesses essential to keep unemployment rates low, but Linking Words
also
to guarantee fair prices. Linking Words
For example
, if we had fewer companies selling or offering services, they would have less competition, and Linking Words
consequently
, they would be free to charge any price they want. Linking Words
Moreover
, local businesses Linking Words
also
have the advantage of offering goods tailored to consumer needs. Linking Words
For example
, the grocery store near my house sells Indian ingredients, as I live in a neighbourhood with a strong Indian background.
In a nutshell, at a Linking Words
first
glance, the expansion of large chain stores may be interesting. Linking Words
However
, in a more detailed analysis of the consequences, Linking Words
this
monopolization can be extremely harmful to our economy.Linking Words
Submitted by mayara_bastos on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.