Wal-Mart’s Effect On America One of the world's largest retailers, Wal-Mart, has had a significant impact on the economy of the United States. Established in 1962 by Sam Walton, the organization has developed to become perhaps the most perceived and powerful business in the US. The ability of Wal-Mart to offer low prices, a wide range of goods, and effective supply chain management are the keys to the company's success. The ability of Wal-Mart to offer low prices to customers is one of the main ways that the United States has benefited from the company. Customers are able to purchase goods at a lower cost than they would at other retailers, thanks to the company's "Everyday Low Prices" strategy. Many Americans, particularly those with lower incomes, are now able to purchase necessities like food and clothing thanks to this. Because of the company's competition with other retailers, which has led to a general decrease in the prices of goods, Wal-Mart's low prices have also contributed to the reduction of inflation. The availability of a wide range of goods is yet another advantage that Wal-Mart provides to the United States. …show more content…
With this, concerns have arisen regarding Wal-Mart's contribution to the moving of goods with China. China's lower labor and production costs have made it more appealing for manufacturers to produce goods there than in the United States. Additionally, the policies and infrastructure that the Chinese government has put into place have made it simpler for businesses to conduct business there. As a result, many businesses, including Wal-Mart, have turned to China to get their goods in order to keep prices low for customers. However, it is essential to keep in mind that this topic is not solely Wal-Mart's fault; numerous other retailers, manufacturers, and American businesses have also moved production operations to