This causes people to have to pay more for products. Stealing affects the economy because it causes the prices of products to rise. Stolen items are lost revenue. Businesses then have to raise the prices to recoup or make up for the loss of products that aren't available for sale, but have been purchased by the business for resale Who Pays the Price Retailers know when the economy plummets, shoplifting does the exact opposite. And when the holidays approach, they also have to brace themselves for the swell in retail theft.
My reasoning for this was its taking away business from local grocery stores, taking away work, and so on. And this can be true, Wal-mart can run other stores out of business due to the low prices. But when I think about it that store could be run out of business by any other store if they get into a price war, people most of the time will choose the cheaper place to shop at. So then when you look at it at the price aspect, Wal-mart can be seen as a good thing for America. Wal-mart claims to have low prices always, and in the economy that's what Americans need, we need cheap affordable products.
In my opinion it is a sick cycle, which enviably will reduce the standard of living in the United States. The individuals seeking to pay less for their purchases don’t realize the effect it has on the surrounding economy, including reduced wages, reduced community support, reduced business opportunity, reduced land values, reduced tax base, and ultimately lower standard and quality of living for most members of the community. I personally think that Wal-Mart is a modern day monopoly. It kills the competition. This is harmful for our economy.
This action demonstrates a lack of interest to aid the less fortunate in the community, as well as failing to increase their customer base. The less fortunate members of society also have to shop for groceries, and they most certainly have a choice where to make their purchases. While Company Q management is making the decision to throw the food away, this results in revenue loss to the company. Shareholders are not likely to invest in a company which prefers to lose revenue rather than contributing to society,
Overstating projections A problem that can arise from starting the budget is when the person who created the budget gets an idea that the business will sell more items than the business is realistically able to do. If this happens the business will spend a lot of money on items that the budget believe the business will sell but in reality the business will not be able to sell this stock. IF the business is in the food industry and this problem happens it will end up going to waste as food goes off. This will result in the business losing a lot of money which they could spend elsewhere and if the business doesn’t have much money this money could have been used to pay off their expenses. If the business does lose this money they might
Penny pinching may be these deprived people’s only option in paying bills. The rich, who could care less about a one cent piece of metal, just drop pennies on the ground. That could be dinner or a bus ticket to work for the people who don’t have much. Getting rid of the penny takes away money from the unfortunate people of our
To begin with, raising the tax will bring in more money to the government from since demand is inelastic for cigarettes and people will keep on buying them. The extra amount of income could be used to help the well being of the country and to provide more public goods. Also, cigarettes are a demerit good, a good which is considered unhealthy or damaging in some and can be physically harmful to the consumer and other surrounding, so when price increases, demand will fall. Even if it is a small fall in demand, it is most likely to be for the young smokers to demand since they have less income than adults. If more young smokers quit, the healthier the next generations will be since smoking is a main reason behind a lot of health issues including lung
What happened if your car broke down? You wouldn’t be able to have anyone look at it until the next day. Overall, the Buy Nothing day would cause many complications for transportation. The idea may come up that if we put the Buy Nothing day to use in the United States, stores would not close down and it would help the society economically recover; however, stores may lose money and may not be able to recover. Some stores may depend on a daily consumers to buy from their stores.
There should not be open campus at schools. The school would lose profits from the lunches, the food consumed by the students outside of school will most likely be unhealthy, and the students would not be under any supervision. Open campus would have a negative effect on schools and its students. The students would leave during lunchtime to get themselves McDonalds or Burger King to eat. Meanwhile, our already poor school loses profit to these fast food restaurants.
onsumers by increasing the price of products sold to make up for the products lost. Increased prices may now cause consumers to travel and go elsewhere to purchase comparable items at a cheaper rate. Honest shoppers now fall into the same mistrust category as shoplifters because they cannot be distinguished easily from one another by the retailer. If a store has to close down because they can’t make any money then that cuts jobs. One store may not seem like a big difference, but when stores are closing every day because they can't maintain a stable business because of shoplifters it changes a lot for families everywhere.