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

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for

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self-business owners, large multinational

companies

play a crucial part in its society. It has advantages and disadvantages. In

this

essay. I will discuss both sides. On the one hand, trade is a crucial role in national economic growth. Big-scale

companies

generate large-scale products in a day. It helps to provide all over the country and exports their goods to different countries because stimulates their income and supports the national economy.

For instance

, in Sri Lanka's GDP, 60% of incomes come from big industrial

companies

Furthermore

, another benefit is that huge multinational

companies

are stimulating job opportunities because it will help people enhance their quality of life and enhance incomes

On the other hand

, the main disadvantage of

this

phenomenon is that governments encourage big multinational

companies

which leads to small

businesses

demotivated

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being demotivated

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.

Therefore

small business owners' incomes degenerate as a consequence, self employers would face a financial crisis and people will become

a

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apply

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poverty. In my opinion, especially it is good to balance both business types for economic growth.

For example

, India has big self- employers and small

businesses

but encouraged only large-scale

companies

.

Thus

proper long-term strategies can decline these issues. In conclusion, after a thorough analysis of the topic, large-scale

businesses

generate a huge income. It has advantages and disadvantages. Self-employer

businesses

also

play a vital part in its society. It can enforce the right method before implementing it