Large businesses have big budgets for marketing and promotion and as a result, people graviate towards buying their products. What problems does this cause? What could be done to encourage people to buy local products?

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Huge amounts of investments and capital in
businesses
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mostly result in effective marketing strategies and benefits and conquer a big portion of a
market
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.
Such
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a phenomenon leads to untoward consequences.
This
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essay will outline the negative effects of these giant
businesses
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and will suggest possible solutions to make people support local producers.
To begin
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with, due to big marketing campaigns big
companies
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have extremely high sales and win the largest portions of the
market
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, which leads to losses for other players in the
market
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. Not profitable trade eventually would have no choice but shut down and leave a big number of workers unemployed, losing their source of income. Another solid problem which consumers might face because of
this
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phenomenon is that
such
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a monopolistic business
market
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will provide opportunities for these huge manufacturers to set unreasonably high prices on goods since there are no other competitors. Having only big
businesses
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, obviously, is not advantageous for societies. To alleviate
such
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difficult situations, a few solutions can be suggested.
First
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, governments may force big corporations to close their
businesses
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for a few days a month to allow small manufacturers to make their profit and survive together. It would make consumers use local services and help these small
businesses
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. Korean big grocery chain Emart,
for instance
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, is closed twice a month, so local grocery shops may make their sales on those days. One more thing that government may do is support these small
companies
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by cutting their taxes, which will definitely encourage them not to give up on their work. In conclusion, sharing the
market
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between small and giant
companies
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will be always a hot issue for many nations' economies and their governments.
This
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essay demonstrated that supporting only big
businesses
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might lead to unemployment of numerous employers and a monopolistic
market
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,
however
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forcing these big corporations to close their business for a few days a month and cutting taxes on small
companies
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will ease
this
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problematic situation.
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Topic Vocabulary:
  • Market Domination
  • Economic Imbalance
  • Cultural Erosion
  • Quality Concerns
  • Unemployment
  • Environmental Impact
  • Local Communities
  • Carbon Emissions
  • Consumer Spending
  • Competitive Prices
  • Promotional Campaigns
  • Cultural Diversity
  • Economic Footprints
  • Economic Ecosystem
  • Small-to-Medium Enterprises (SMEs)
  • Sustainability
  • Local Economy
  • Community Engagement
  • Transparency
  • Corporate Social Responsibility (CSR)
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