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

Nowadays, many big

companies

are overtaking the business of small or medium-sized enterprises.

This

phenomenon has some advantages in the lives of workers and common people

thus

pros outweigh the cons.

This

essay outlines the reasons for

this

. One of the advantages is that multinational

companies

can attract more clients from across the world and contribute to the economy of the nation.

Nevertheless

, it can provide ample job opportunities and promotions to the workers which is challenging to get in small

businesses

.

For instance

, a small toy manufacturer is limited to any city or state but when a large enterprise overtakes

this

business, they can sell their products not only to all the states but to the outside world as well and generate more revenues and jobs.

Similarly

, large

companies

provide many types of facilities within a store which make individuals' shopping experience convenient. The main disadvantage is that

due to

the monopoly of these

companies

, the price of the goods and commodities increases

thus

making it difficult for ordinary people to afford it.

For example

, because of the monopoly of the gas

companies

, individuals can witness the increase in the price of domestic and commercial LPG cylinders making it challenging for the ordinary public to purchase.

Additionally

, there is healthy competition in small

businesses

due to

multiple vendors, but

this

does not happen in multinational

companies

.

To conclude

, both small and larger

businesses

are essential and play a vital role in the growth of the nations, but large

businesses

have major advantages in terms of convenience and job opportunities that they provide to the people.

Therefore

, the pros outweigh the cons.