In today’s globalized world, multinational companies have significant effects on people’s life. It is suggested that people are negatively affected by these companies and their products. This essay will examine why this trend has a crucial importance in people’s life quality.
Generally speaking, there is a wide range of reasons why people believe that multinational corporations offer benefits to the consumers. Perhaps the main reason in favour of this trend is that these companies are spending considerably large amount of money on research and development studies. They also support individual researchers and scientists by funding their studies. As a result, the world has been experiencing extraordinary technological developments. This is why these companies have an undeniable role to play in human life and its quality. Secondly, they offer a significantly wider range of product options to the consumers. Unlike the past, consumers have a lot of options to purchase a product, such as smart phones, computers, household appliances. For example, If a consumer wants to buy a smart phone, it is highly likely that they will need to do more research on options to buy a product, and they may find the best price and more functional products because of the competitiveness in the market, which is provided by these companies.
Despite these arguments, there is also a strong argument for the idea that these companies are becoming increasingly powerful and they are managing the countries rather than the governments. As a result, they may manipulate the prices of products and assets. For example, oil industry accounts for the considerably higher proportion of the world economy. If oil companies reduce the oil production, the prices will increase, which is not beneficial to people.
In conclusion, this is a topic which has undeniable effects on the people’s life and countries. I am of the opinion that multinational companies are making our life better by providing options and solutions to us.
In
today
’s globalized world, multinational
companies
have significant effects on
people’s
life
. It
is suggested
that
people
are
negatively
affected
by these
companies
and their
products
. This essay will examine why this trend has a crucial importance in
people’s
life
quality.
Generally
speaking, there is a wide range of reasons why
people
believe that multinational corporations offer benefits to the
consumers
. Perhaps the main reason in
favour
of this trend is that these
companies
are spending
considerably
large amount of money on research and development studies. They
also
support individual researchers and scientists by funding their studies.
As a result
, the world has been experiencing extraordinary technological developments. This is why these
companies
have an undeniable role to play in human
life
and its quality.
Secondly
, they offer a
significantly
wider range of
product
options
to the
consumers
. Unlike the past,
consumers
have
a lot of
options
to
purchase
a
product
, such as smart phones, computers, household appliances.
For example
, If a
consumer
wants to
buy
a smart phone, it is
highly
likely that they will need to do more research on
options
to
buy
a
product
, and they may find the best price and more functional
products
because
of the competitiveness in the market, which
is provided
by these
companies
.
Despite these arguments, there is
also
a strong argument for the
idea
that these
companies
are becoming
increasingly
powerful and
they are managing the countries
rather
than the
governments
.
As a result
, they may manipulate the prices of
products
and assets.
For example
, oil industry accounts for the
considerably
higher proportion of the world economy. If oil
companies
reduce
the oil production, the prices will increase, which is not beneficial to
people
.
In conclusion
, this is a topic which has undeniable effects on the
people’s
life
and countries. I am of the opinion that multinational
companies
are making our
life
better by providing
options
and solutions to us.