Wal Mart Is A Monopoly - 821 Words

Wal-Mart, the largest retail companies in the world (Farfan), plays a crucial role in American economics. No matter, I am at home or on campus, even when I was traveling in other states in America, there is always a Wal-Mart market nearby my location. Due to the super big market power Wal-Mart has, and people’s negative impression of large enterprises, there is always a debate about whether Wal-Mart is good for America or not. Some people believe Wal-Mart makes the small retailers fail, and its workers have low wages and benefits; while others argue that Wal-Mart creates more jobs to the local, provides lower prices to consumers, and encourage American economic growth. Inspired by an article about whether Wal-Mart is a monopoly I read in my economics class, I am curious about the economic impact of Wal-Mart. My exploration began with a word record of the debate ‘Is War-Mart good or bad for America’ from the Independent Institute.com. This debate was between Rich ard K. Vedder and Ken Jacobs. According to Vedder, on the one hand, Wal-Mart isn’t a job destroyer, conversely, every new War-Mart store employs typically 300 or 350 workers right by itself which is exclusive of any other synergies, or other stores that may open up at the same time when War-Mart opens up in the community (Jacobs and Vedder). On the other hand, War-Mart has enormously increased productivity in retail trade. Between 1987 and 2004, labor productivity in the War-Mart part of the retail tradeShow MoreRelatedBusiness Analysis : Wal Mart s Monopoly2148 Words   |  9 Pages Wal-Mart’s Monopoly in Business Joe Pacifico Cabrini College Abstract The purpose of this essay is to discuss monopolies in the world of business. In business a monopoly would involve a particular company that has the ability to consistently dominate as well as control a specific industry. Currently, there are a select few corporations in America that have consistently been able to appeal to a variety of different target audiences by providing an assortment of product mixes forRead MoreDifferentiating Between Market Structures Essay1105 Words   |  5 Pages30, 2012 Differentiating Between Market Structures Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopoly (Brown, 2010). According to Colander (2010), â€Å"An oligopoly is a market structure in which thereRead More Wal-Mart is a Menace to Society1039 Words   |  5 Pagescontroversial supermarket chain in existence: Wal-Mart. From the buyers perspective, Wal-Mart is just a generous business chain which has extremely low prices. But upon closer inspection, the wickedness of Wal-Mart and the company practices become apparent. I think Wal-Mart has a negative impact on society. Wal-Mart mistreats employees, follows unfair business practices, and hurts small businesses. First, Wal-Mart mistreats their employees. Wal-Mart is known to have the lowest prices out of anyRead MoreWal Mart And Its Effect On Society1517 Words   |  7 Pagesdream? What would be the point of dreaming that dream? Wal-Mart makes dreams for many locally owned businesses nothing but a lie. Wal-Mart, like many monopolies use their enormous power to influence, and take advantage of society in whatever way they see fit. The American Society has adopted subjective vision, either because they care not to look further than the inexpensiveness of their product or the owner are blinded by their profits. Wal-Mart takes advantage of a system by exploiting cheap laborRead MoreDifferentiating Between Market Structures Of Wal Mart1498 Words   |  6 Pagesin determining pricing and output to maximize profits. Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopoly (Brown, 2010). According to Colander (2010), â€Å"An oligopoly is a market structure in which thereRead MoreThe Adverse Effects of Opening a New Walmart Store in a Small Town: An Argumentative Essay1129 Words   |  4 PagesThe list of ways they could harm or cause civilians discomfort is endless. Wal-Mart, the leading retail company in the world has become a target to public resentment and wariness on part of small businesses. The paper supposes a scenario where Wal-Mart is opening a new store in a small town. It will predict the reactions of the residents and the small business owners and prepare a counter argument. Introduction Wal-Mart is a US based Multinational and owner of the largest chain of national, internationalRead MoreWal Mart Effect On Consumers And The Market1572 Words   |  7 PagesThe Wal-Mart Effect When it comes to grocery stores Wal-Mart obviously dominates the market. When arriving at one of their â€Å"supercenters†, you can tell from the outside of the store and the grand size of their parking lots that any of the given stores probably brings in more customers in one day than many other competitors do in one week. In the book The Wal-Mart Effect by Charles Fishman, Wal-Mart’s effect on consumers and the market as a whole is explained through many different economical meaningsRead MoreIs Wal-Mart Bad for America?862 Words   |  4 PagesIn 1962, Wal-Mart opened their first store in Rogers, Arkansas. In 1970, Wal-Marts first distribution center and home office in Bentonville, Ark. open and Wal-Mart went public on the New York Stock Exchange. Just nine years from that, Wal-Marts annual sales exceeded one billion dollars. In 1988, Wal-Mart super centers opened across the country. In a merely three years from that, Wal-Mart opened their own store in Mexico Ci ty, Mexico; making Wal-Mart an international corporation. Not even sixtyRead MoreHistory And Background Of Wal Mart Essay954 Words   |  4 Pagesresearch paper will present the history and background of Wal-Mart. The review will describe and evaluate the resources that will provide additional understanding of the corporate operations and its management strategies. A SWOT analysis will be provided which will identify specific areas that can impact the outcome of the organization’s success and potential hazards. Upon conclusion, recommendations will be presented that will help Wal-Mart continue its competitive advantage. This paper will utilizeRead MoreHello Walmart1027 Words   |  5 PagesHello, Wal-Mart? Ashford University BUS644 Operation Management Dr. Ronald Beach November 26, 2011 Hello, Wal-Mart? It is very common for everyone that lives in a small town to get all their groceries at Wal-Mart. During the last 50 years of creation, from a small town on Arkansas, Wal-Mart became the biggest retail company of the world. At this time, this company is one of the major employers of the world and has more than 4,000 stores just in America. It is very difficult for a small