The most successful firm in the U.S. retailing during the last few years is Walmart. Has Walmart's success fulfilled the virtues of competition? Has there been a cost of Walmart's success? What is the most serious charge against Walmart?

Has Walmart's success fulfilled the virtues of competition?

Walmart is not the only retail company in the United States. There are other retailers that consumers can choose from. This shows that Walmart is not a monopoly or an oligopoly. It exists in a market where there is competition. This also explains why antitrust laws have not stopped its growth in recent years. Virtues of competition may refer to the fact a business performs all its practices in accordance with the law and does not act in such ways that hinder others from competing fairly in the same space. It is, therefore, safe to say that Walmart has fulfilled the virtues of competition.

Has there been a cost of Walmart's success?

There has been a cost, in different aspects, of Walmart's success. For instance, an increase in air pollution has been caused by an increase in the number of vehicles that ship Walmart's goods from one point to another. New Walmart locations have also caused smaller businesses across the country to shut down, causing an increase in the number of unemployed people.

What is the most serious charge against Walmart?

Over the years, Walmart has faced a number of criticisms from people and groups. They have complained about Walmart's business practices and their effects on small local businesses. It has been accused of predatory pricing tactics where it sells products at such low prices that it draws customers away from the main-street business and runs them out of business altogether.