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 replaced by multinational

corporations

, the employees might lose their job.

Furthermore

, transnational

corporations

have a huge amount of financial recourses 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