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Many small businesses are are being forced to close because they are unable to compete with multinational company companies what problems does this cause and how can problems be solved?

Many small businesses are are being forced to close because they are unable to compete with multinational company companies what problems does this cause and how can problems be solved? 25yAJ

It is irrefutable that, multinational businesses are proliferating at fast pace in this contemporary era. Local businesses are forced to give up due to its low capability to come in competition with global corporations. There are plethora of problems caused such as, local people have to suffer or decline economic growth whereas, there are some obvious solutions. I will articulate these aforementioned arguments in forthcoming paragraphs.

It is irrefutable that, multinational businesses are proliferating at This phrase/word is too simple and can be replaced with:quickrapidswiftprompt
fast
 pace in this contemporary era. Local businesses are forced
 to give up due to its low capability to This phrase/word (depending on the context) can be potentially replaced with :approacharrive
come
 in competition with global corporations. There are plethora of problems caused such as, local This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
This phrase/word is too simple and can be replaced with:ought to
have to
 suffer or decline economic growth whereas, there are This phrase/word is too simple and can be replaced with:a number of
some
 obvious solutions. I will articulate these aforementioned arguments in forthcoming paragraphs. 