Small businesses are disappearing and being replaced by large multinational companies. Do the advantages outweigh the disadvantages.

Nowadays,it is not uncommon to see huge multinational organisations engulfing small-scale industries,

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making them extinct from the market.There are countless pros and cons associated with

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.I believe

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replacement is beneficial for the economy of a nation.I will discuss both pros and cons and give my opinion down here. On the one hand, the benefits of the introduction of large foreign companies include increased customer satisfaction and improved services.Buying products with big companies' labels provides an assurance of quality to the consumer .

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,eating food at a local stall does not guarantee the authenticity of the ingredients used.

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,food from an international restaurant chain

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as Starbucks gives the public a sense of security that the items served are of supreme quality.

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,these organisations provide huge salaries and international opportunities to their employees which not only make the employees raise their standards of living, but

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contribute to the economic development of the country.

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, the drawbacks include financial instability for people working in small-scale industries.Many poor and middle-class families who rely on

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businesses are thrown away from the market.These entrepreneurs either have to switch their professions or undergo a financial crisis.

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,customers

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suffer from

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situation as their daily outlay rises.

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, earlier people used to pay Rs.30 for one kilogram of rice and now they are forced to pay Rs.100 for the same quantity since the local entrepreneurs have disappeared to sell these things at low prices. In conclusion,there are more benefits to the appearance of multinational institutions since they help alleviate the problem of poverty and bring foreign investments into the nation. In my opinion,large multinational organisations are no harm to the growth of a country in long run.They provide employment and ultimately help both the citizens and the nation to blossom immensely.