Nowadays, there is a growing number of large, established companies replacing the minors'. I believe
this
practice allows them to provide financial support to the locals through tax, and Linking Words
this
advantage outweighs any potential disadvantages.
One downside of the disappearance of small-scale startups is that it reduces competition, leading to monopolistic behaviour by multinational enterprises. Linking Words
In other words
, they have no competitors for their products and can set their prices, especially for the expensive varieties. Linking Words
For instance
, a railway company in Indonesia, namely Kereta Api Indonesia, can be said to be the exclusive one as they are the only transportation company using the railway and can regulate its price independently. Linking Words
However
, I think Linking Words
this
behaviour can be anticipated if the authority establishes policies that restrict Linking Words
this
practice.
On the beneficial side, the growing number of international firms can bring economic benefits Linking Words
such
as increased tax revenues. Linking Words
This
is Linking Words
due to
the fact that they charge an additional cost for every product sold, which will be paid to the region. To illustrate Linking Words
this
, consider that Apple has an official store in Singapore with annual sales revenues of 1 million dollars, contributing more than 100,000 dollars to the government Linking Words
due to
the 10% tax rate on their products. I think Linking Words
this
is a valuable opportunity for them since if they invest the funds in public services, particularly hospitals and schools, the community will greatly benefit.
In conclusion, losing tiny businesses can lead to monopolistic practices. The drawback is far outweighed by the upside of contributing economic benefit to the local authorities; Linking Words
hence
, they may spend it on better civil facilities.Linking Words
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