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

In recent times, the phenomenon of supplanting small enterprises with large multinational
corporations
has gained momentum.
While
this
trend has advantages
such
as potential economic growth, and the incoming technological advances to the local countries, the disadvantages it has, including diminishing competition and job losses in local areas, outweigh the benefits. One of the main merits of transnational companies is their potential to stimulate the economic field. The knowledge, financial recourses and experience they have earned over the years may probably help the country's economic situation to be improved.
For example
, they may offer a wide range of products and services which have not probably been in a good condition and
this
may
also
provide diversity for consumers.
In addition
, when transnational
corporations
enter one country, they don't just come with their money,
also
they do technological investment and these cutting-edge technologies can lead to the country's development in
this
field too.
On the other hand
, the drawbacks of
this
trend
also
are notable. The work of enormous proportion of people associated with small businesses and If small businesses disappear and
be
Wrong verb form
are
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replaced by multinational
corporations
, the employees might lose their
job
Fix the agreement mistake
jobs
show examples
.
Furthermore
, transnational
corporations
have a huge amount of financial
recourses
Correct your spelling
resources
show examples
and capacity and they have an opportunity to control a specific part of the market and
this
can lead to a monopoly.
For instance
, they may affect the prices in markets and
also
can easily break their small competitors. In conclusion,
although
the replacement of small businesses by multinational enterprises can have a positive impact on economics and technological advances, the negatives of
this
such
as monopoly and unemployment outweigh any advantage
Submitted by moxinurabjalilova on

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Topic Vocabulary:
  • Displacement
  • Economies of scale
  • Local economies
  • Standardization
  • Cultural homogenization
  • Personalized service
  • Innovation
  • Community investments
  • Environmental impact
  • Competitive prices
  • Tax contributions
  • Job losses
  • Cultural diversity
  • Local employment opportunities
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