Sam Walton’s, the founder of walmart, humble beginnings is part of the reason for low prices since he grew up during the depression and wanted to help people. In addition, their slogan advocates low prices and that is what the people demand. Low prices are designed to help the consumers and even though in 2012 they experienced a profit loss, they lowered their prices more to attract more consumers. Low prices aren’t monopolistic because they aren’t taking advantage if the consumer but instead they are helping them by meeting their demand. Walmart has been criticized for hurting local competitors and placing a barrier on entry because of their low prices. It’s hard for Walmart's competitors to compete with their low prices but the benefits to the consumers outweigh the negative consequences that come with it. Monopolies usually charge high prices because they are the only supplier but Walmart isn’t the only supplier in their field and their low prices allow them to be one of the
Sam Walton’s, the founder of walmart, humble beginnings is part of the reason for low prices since he grew up during the depression and wanted to help people. In addition, their slogan advocates low prices and that is what the people demand. Low prices are designed to help the consumers and even though in 2012 they experienced a profit loss, they lowered their prices more to attract more consumers. Low prices aren’t monopolistic because they aren’t taking advantage if the consumer but instead they are helping them by meeting their demand. Walmart has been criticized for hurting local competitors and placing a barrier on entry because of their low prices. It’s hard for Walmart's competitors to compete with their low prices but the benefits to the consumers outweigh the negative consequences that come with it. Monopolies usually charge high prices because they are the only supplier but Walmart isn’t the only supplier in their field and their low prices allow them to be one of the