Recommended Reading Wal-Mart is one of the great shining examples of what a market economy can achieve. If I were to give a tour of the United States to visitors from a socialist country, who are used to experiencing chronic shortages of almost everything, Wal-Mart would be one of the first places I would take them. It is a perfect symbol of one of the most remarkable things that we have — an enormous variety of high quality, low cost products that are available to virtually everyone throughout the United States.
Recommended Reading Wal-Mart is one of the great shining examples of what a market economy can achieve. If I were to give a tour of the United States to visitors from a socialist country, who are used to experiencing chronic shortages of almost everything, Wal-Mart would be one of the first places I would take them.
It is a perfect symbol of one of the most remarkable things that we have — an enormous variety of high quality, low cost products that are available to virtually everyone throughout the United States.
Wal-Mart stores are indeed impressive sights, housed in gigantic structures, capable of serving many thousands of customers every day. These shopping behemoths provide so much — such a staggeringly huge range of well-made products — that a person could practically live his whole life without having to shop anywhere else.
Walk into a Wal-Mart Supercenter and look around; the place is amazing! It boggles the mind to think of the enormous complexity that must be involved in running a store that accomplishes all this, which is truly responsible for an improvement in our standard of living. For Wal-Mart to provide so much, for so many, as efficiently, reliably, and inexpensively as it does is an economic miracle.
Never in human history have so many people had such affordable and convenient access to all the products that Wal-Mart offers, and the number of people with this access is growing all the time.
The critics are utterly ignorant of economics, yet they pretend to be authorities on the subject, and loudly proclaim such things as: Every time Wal-Mart tries to open up a new store, there is a good chance that these anti-Wal-Mart crusaders will be there to interfere, attempting to persuade zoning boards and local governments to intervene and make it impossible for Wal-Mart to operate.
The huge amount of media attention given to these critics by many willing accomplices has strengthened their negative influence.
Wal-Mart Pro and Cons Essay Wal - Mart Stores, Inc. (or Walmart as written in its new logo) is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue, according to the Fortune Global . Walmart Pros and Cons List. OccupyTheory. on 1 May, at Shopping at Wal-Mart is an unavoidable experience for most American citizens. While there are some who are able to enjoy the advantages of Wal-Mart shopping, there are others who point out the disadvantages at every opportunity. Let’s take a closer look at the pros and cons. List of Cons of Wal-Mart. 1. Bad Healthcare Coverage According to critics, Wal-Mart is a highly regarded household name that has one of the worst health care policies in all of corporate America.
The critics have succeeded in making themselves impossible to ignore. High profile individuals such as Theresa Heinz Kerry, who came very close to being first lady of the United States, have taken public stances in favor of these critics.
At times Wal-Mart accepts the false premises put forth by the critics, and thereby allows the debate to be improperly cast.
Instead, it should boldly dispute the false premises of its critics and confidently present its justification for the Wal-Mart business model.
This essay will attempt to expose the erroneous views of the critics, as well as present an accurate picture of the economic significance of Wal-Mart. To make my case, I rely extensively on some of the economic ideas developed by George Reisman in his book Capitalism.
Economic progress means an increasing level of wealth, both for the individual and for the entire economic system. Wealth, in an economic sense, is material goods that have been produced by human labor. This includes cars, houses, lipstick, silverware, garden hoses, television sets, and anything else that has been taken from nature and changed by man into something that is more valuable to man.
It can include land or natural resources to the extent that humans perform labor to make them useful. Wealth is not the same thing as money.
Money is simply a medium of exchange for wealth. Money derives its value from the wealth available for trade in an economic system. His money is valueless here because there is no wealth on the desert island for him to buy. Since money derives its value from wealth, as an economic system produces more total wealth, its money supply becomes more valuable.
To learn what policies would create the most wealth is the most fundamental concern of economic science. It is not primarily concerned with consumer spending, or jobs, or interest rates, but with wealth. And it is not about how to make some particular group wealthier; rather, it is about how to make the entire economic system wealthier.
It is no coincidence that one of the most influential economics books ever written is titled The Wealth of Nations. This innovative work was one of the first to focus not on the wealth of steelworkers, or the wealth of blacksmiths, but on the wealth of entire nations.
We should use this same focus in deciding whether or not "Wal-Mart is bad for America. It offers a wide variety of products, it has customer-friendly service, it effectively communicates its value through advertising and promotions, it selects merchandise that people want, and much more.
But the major reason that Wal-Mart has had such a meteoric rise is that it offers its products for consistently lower prices than its competitors. Its motto is "Always Low Prices. Wal-Mart customers have come to expect good deals on virtually all Wal-Mart products at all times.Pro/Con.
Is Wal-Mart Good for America?
Robert S. McAdam. Vice President, State and Local. Government Relations, Wal-Mart Stores, Inc.. Written for The CQ Researcher, September Wal-Mart offers everyday, affordable prices for American families across the country while providing good jobs and serving.
Walmart Pros and Cons List. OccupyTheory. on 1 May, at Shopping at Wal-Mart is an unavoidable experience for most American citizens. While there are some who are able to enjoy the advantages of Wal-Mart shopping, there are others who point out the disadvantages at every opportunity.
Let’s take a closer look at the pros and cons. Wal-Mart's critics, writes Paul Kirklin, are oblivious to the fact that Wal-Mart is responsible for a significant increase in total wealth, and that the greatest beneficiaries of this .
Wal-Mart has been apart of our lives for over 50 years, becoming a dominant force in the retailing sector. There are several disputes amongst economist whether Online Essay Help; Pros & Cons of Walmart: The High Price of . Nov 28, · Pros And Cons Of Ethanol Pro and Cons of using ethanol Pros: Ethanol is in demand by many user groups in the United States because of its many positive features, which include.
- Wal-Mart - Great for Shoppers, Bad for Competitors Wal-Mart can be a virus and a cure, since it has its pros and cons depending on the critiques perspective.
From my point of view, Wal-Mart is an extremely efficient superstore, with .