NowdaysCorrect the word
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, multinational corporations become more and more powerful and able to influence
on Change preposition
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global markets and even politics. It could be both positive and negative for
an Correct article usage
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economic and
a Remove the article
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social development.
ForChange preposition
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my point of view,
disadvantagesCorrect article usage
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outweigh the advantages by now.
In the modern world of globalization, we all witness how big companies can displace or merge their business rivals, resulting in
reductionAdd an article
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in competition. Undoubtedly, large businesses can optimize their costs more effectively and offer better prices. But in the end, when there will be no
over Change preposition
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options for consumers, monopolies can put any price they want and use
this
situation for unlimited enrichment.
For example
, we can observe the severe energy crisis in Europe, caused by
refusalCorrect article usage
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to increase deliveries by the Gasprom company as the major source of gas.
Therefore
, at the moment Gas price in Europe has
renewedVerb problem
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itsCorrect pronoun usage
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historical maximum.
Another
threat comes from Social Media giants, which are already controlling the information and
the Correct article usage
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media content worldwide. Private companies have become a part of state propaganda or sometimes independent political power that manipulates a crowd.
For instance
,
such
corporations as Facebook, YouTube and Twitter have banned
the Correct article usage
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former
presidentCapitalize word
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Trump forever,
thus
preventing him from an opportunity to communicate with his supporters. So now he has very limited capabilities to run his next president’s campaign,
as many as half of the
americansChange the capitalization
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voted for him in 2020.
In conclusion, I strongly believe that the growth of huge international enterprises has
theCorrect article usage
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dramatic negative impact on
economyCorrect article usage
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and society all over the world because of
monopolizationCorrect article usage
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of production, services and information.