Small businesses are disappearing and being replaced by large multinational companies. What are the advantages and disadvantages of this situation?

#businesses #companies #situation

The advancement in technology and lifestyle has changed the world now. Large multinational companies are growing rapidly across the world.

This

has its own advantages and disadvantages and in

this

essay, I will try to shed light on all the possible pros and cons related to

this

situation. On the one hand,

this

rise in the growth of multinational companies has a lot of positive effects on society. As these kinds of firms could provide a job to hundreds of

people

which will ultimately result in low poverty rates and a good lifestyle.

Also

, these companies provide a good salary package with other facilities

such

as medical, bonuses, car and other luxuries of life that attracts more

people

For example

, in Pakistan

people

working in multinational firms

such

as Nestle, and Unilever not only have good salaries but

also

have other facilities including work-life balance, medical insurance, and a stable life.

Moreover

this

also

helps in improving the socio-economic status of a country.

On the other hand

this

rise in large businesses has badly affected the

people

working on a small scale.

People

having skills and who want to start up their own businesses couldn't find a proper market to sell their products.

For instance

, in Pakistan, inflation and high economic downfall have badly affected these kinds of businesses that were

also

a source of jobs for a few

people

resulting in an increase in unemployment percentage and poverty.

To conclude

, I completely agree that large industries have several advantages from providing jobs to building a positive image of a country around the globe but they

also

badly affected the industries working on a smaller scale.

Submitted by tayyabkhalid99 on Wed Mar 15 2023

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I wore a warm coat because the weather was cold.

If action is not taken soon on climate change, global warming will get worse.

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8Linking words
meeting the goal of 7 or more
1Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

276 words

7.00

Overall Band Score

Coherence and Cohesion: 6.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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