STEPS TO WRITE ESSAY 💡MAIN POINTS💡OVERVIEW

I. Introduction
A. Definition of small and large firms
B. Importance of competition in the economy
C. Thesis statement

II. Reasons why small firms can compete successfully against large firms
A. Personal service
B. Niche market
C. Consumer touchpoints
D. Adaptability and flexibility
E. Government subsidies
F. Industry-specific advantages

III. Reasons why small firms cannot compete successfully against large firms
A. Economies of scale
B. Takeovers and price undercutting
C. Market power and barriers to entry
D. Brand loyalty
E. Financial advantages

IV. Case studies of successful small firms and failed small firms
A. Examples of small firms that have succeeded against large firms
B. Examples of small firms that have failed against large firms

V. Conclusion
A. Recap of main points
B. Implications for the economy
C. Future outlook for small firms in competition with large firms.