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?

Many small
enterprises
are closing down their business because of the tight competition with multinational
enterprises
.
This
phenomenon causes issues
such
as higher unemployment rates and increasing criminality. To address
this
problem, the government should enact laws to support the growth of small businesses and protect them from unhealthy competition. The highly competitive market may force some small industries to close down their operations and they have to lay off their workers.
This
situation contributes to the unemployment rates, especially in
this
difficult economic climate, in which only a few companies open up vacant positions, and landing a job will take time.
Hence
, under pressing conditions, some people may try to do illegal actions
such
as pickpocketing or robbing to secure their livelihood.
For example
, in Malika City, a growing number of criminal cases was reported in 2020, after mass lay-offs in various industries happened
due to
the difficult economy during COVID-19. To tackle
this
challenge, the authority should take part in imposing laws to protect small
enterprises
from losing their market to big players. Some of them are unable to compete with the cheap prices those big manufacturers can offer.
Thus
the government can implement a minimum standard price to maintain a healthy competitive market without supporting a price war.
For instance
, local clothing brands are struggling in the US because of the emerging brand Shein from China which offers cheaper prices. The authority imposes a new import law that curbs the volume of items coming into America. In conclusion, the inability of small industries to compete head-to-head with multinational
enterprises
raises issues regarding the level of unemployment and criminal cases. In a way to address these problems, the government should constitute laws that support small businesses.
Submitted by intanannisa.ia on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

coherence cohesion
To improve coherence and cohesion, consider varying your sentence structure more and using a wider range of linking words and transitions to create a smoother flow between ideas.
task achievement
For task achievement, ensure you directly address all parts of the prompt in depth. While you've covered the problems and solutions, delve deeper into the implications and broader impacts. Also, make sure your examples are specific, detailed, and directly relevant to your main points.

Answer the 'Problem and Solution' topic

Problem-and-solution essays fall naturally into two parts, the first describing and exploring the problem, the second setting out the solution or solutions.

You essay structure should look something like this:

  • Introduction
  • Body paragraph 1 – Problems
  • Body paragraph 2 – Solutions
  • Conclusion

Examples to start your body paragraph:

  • One of the first problems of the...
  • Another problem that needs to be considered...
  • A possible solution to this problem would be...
  • One immediate practical solution is to...

Read more in the eBook

The Ultimate Guide to Get a Target Band Score of 7+ »

* free ebook for Premium users

Topic Vocabulary:
  • community character
  • multinational corporations
  • economic decline
  • monopoly
  • tax incentives
  • grants
  • buy local campaigns
  • niche products
  • personalized services
  • economic ecosystem
  • business partnerships
  • competitive advantage
  • consumer choice
  • market diversity
  • entrepreneurial spirit
What to do next:
Look at other essays: