Many small businesses are being forced to close because they cannot ‎compete with multinational corporations. What problems does this cause, ‎and how can those problems be solved?

Nowadays, local

entrepreneurs

are forcefully shutting down their shops as large

companies

have begun to possess a huge influence on their consumers.Eventually,

this

act may cause numerous problems in society.

This

essay will discuss all possible problems and adequate solutions to tackle these issues properly. The main problem caused by the invasion of multinational

companies

is unemployment. Many common

people

find their living by running small

businesses

on the streets.

Moreover

, most of these markets get fewer profits compared to big business firms.

Therefore

, they lack significant financial support in order to maintain good marketing strategies.

Thus

,

people

get attracted by branded

companies

and supermarkets as they provide attractive offers and complements.Eventually, lots of middle-class individuals abandon their shops as they get fewer customers and become unemployed.To illustrate, a traditional soap company named 'Radhas' stopped working as international products like 'Lux' and 'pears' gained popularity among

people

through more commercials.

Next

, the popularity of traditional products may deteriorate over time.

Consequently

,

this

would affect the culture and tradition of a country as well. To exemplify, in,India handloom clothes were famous in ancient times;

however

,

this

trend has diminished after the introduction of western clothes. It is crucial to take the necessary steps to tackle challenges caused by multinational cooperation.The

first

step is to edify

people

about the importance of saving small

businesses

and their importance in a country's economy.

Secondly

,

entrepreneurs

who run small shops should come up with adequate marketing strategies that can get

people

's attention. Even though doing advertisements in theatres or in television programs is quite expensive for small

businesses

, they can reach

people

directly through social media websites. To illustrate, there are some women

entrepreneurs

who use Facebook apps to develop their

businesses

. To sum up,even though, the booming of large

companies

causes problems like unemployment and traditional drawbacks , taking necessary actions can help to mitigate these issues to a certain extent.

Therefore

,both

entrepreneurs

, as well as government, should be united to make

this

possible