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

In recent times, small trade

companies

have become

backward

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backwards

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compared to large industries, it is a devastating issue to self business owners, large multinational

companies

play a crucial part

of

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in

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its society, it has advantages and disadvantages, in

this

essay, I will discuss both sides. On the one hand, the main benefit of a large-scale business is that it would positively aid

to

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apply

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economical

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economic

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growth because multinational

companies

can make innovations and produce

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a

the

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large number of products compared to small

companies

and

companies

can exports their products

to

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worldwide,

as a result

, it would generate to good income and support to the nation's

economical

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economic

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growth

for instance

, in Sri Lanka GDP's, that 70% of

incomes

come from large multinational

companies

furthermore

, another benefit is that large multinational

companies

that stimulate more job opportunities than small trades to the community, it would aid to certainly enhance

people

's

incomes

.

On the other hand

, the main disadvantage of

this

phenomenon is that, if not

encourage

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encouraged

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small

businesses

it would affect self-employers

incomes

as a consequence,

people

would definitely face

economical

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an economical

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crisis and

people

will become

a

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apply

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poverty

for example

, in India,

that

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50%

people

have small

businesses

and

people

live from small

businesses

incomes

moreover

, if every small product imports that the government have to face a huge sum of expenditure because encourage to small

businesses

products manufacture, if not encourage, it would a huge sum of expenditure to the economy and experience financial crisis. In conclusion, after a thorough analysis of the topic,

large scale

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large-scale

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of

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apply

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businesses

generate a huge income, it has advantages and disadvantages, self-employer

businesses

also

play a vital part

of

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in

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its society, it can enforce the right method before implementing it