The impact of Walmart

Today, all over the world the daily struggle is to deal with the economic growth, to satisfy people’s needs, which represents a crucial step in the development of a country or an area; however, this is partially the same in the United States through the Wal-Mart market. Wherever people can be; there will be a corner in which they may find a quite a few of its stores, and some of them do most their shopping there because it provides many advantages in different ways, not only in the improvement of financial economy, and the affordable prices for every citizen, but also in the reduction of unemployment.

First, the primary step to evoke about Wal-Mart is that it contributes in to financial economic growth. According to economists and historians, in USA TODAY (2003), “Wal-Mart’s influence on the U.S. economy has reached levels not seen by a single company since the 19th-century rise of standard Oil” (par. 1). Whatever situations and circumstances, it constitutes as a force in the economic sector. Moreover, regarding its growth in business and impact in the market, most industries, businessman, and economical financial organizations would more likely to be signing contracts of partnership for delivery of merchandise, as they know that Wal-Mart is popular and their supplies may go faster on sales. The more industries and company can work and produce, the more the economy rises.

Secondly, in some societies and areas; it is sometimes difficult for some people to buy things that they want and to have access in some products, due to the cost of life and prices. But here is the opportunity given by Wal-Mart to allow even a person of lower social status to consume all that is necessary for him. According to Locke (2004), Wal-Mart is much more for shoppers who earn less, thus they are unable to have access to some high level stores. In addition, it is helpful for them in the way that they can plan their budget well and spent less money.

Third, the importance of employment in any area is to make people active, help them to work from the efforts for their daily survives. Knowing about how life will be difficult for people without employment, Hoeing (2004), of Capitalism Magazine, said that “In 2005, Wal-Mart created 125,000 U.S jobs, and is continuously adding each month” (par 16). This is a step that cannot be ignored, because in people’s life they will need work in order to get some money. Furthermore, it may also be beneficial for some people who did not really reach the higher level of studies, but they have some skills and abilities to do some things such as not only counting money, and using computers, but also helping and welcoming some customers to find what they come to look for in the store.

People claim that Wal-Mart will cause more harm to an area compared to some of its advantages and strength in the financial economy because it may slow down the market of others stores, and attract the majority of clients who will like to shop there for their interests. But there is another alternative that must be mentioned to clarify the issue, which is that most stores that have lower prices are rarely to possess products, merchandise, and supplies of premium and high quality because of their values and the cost of manufacture and getting done. Consequently, most people in the market that own valuable products seldom establish for partnerships with this sort of store, because of fear they will get less benefits compared to what they spend.

In conclusion, it is evident that Wal-Mart is representing a positive aspect regarding its presence in the economy and the business sector of U.S.A. It implantation has brought the financial sector up and stabilized the economy and the market, helped people of lower earnings to have access to all products for satisfying their needs, and also led some people to change from being jobless to having activity to do. In addition, it influenced a sort of reliability to industries and traders in business.

References

Hopkins, J. (2003, January 29). Wal-Mart's influence grows. USA TODAY. Retrieved December 05, 2007, from Wal-Mart's influence grows

Locke, E, A. (2004, February 24). Three cheers for Wal-Mart. Capitalism Magazine. Retrieved December 05, 2007, from cheers for Wal-Mart

Hoenig, J. (2006, february 10). Welcome Wal-Mart. Capital Magazine. Retrieved December 05, 2007, from welcome to capgam.