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Pros And Cons Of Amazon A Monopoly

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Amazon has become one of the most popular stores in America. The company increases their business daily. For this reason, individuals wonder if Amazon has become a monopoly. The definition of a monopoly:“the exclusive possession or control of the supply or trade in a commodity or service.” Since Amazon does business online, no real competitor has challenged the company for e-commerce. The closest competition, Walmart, does most of their business in an actual store. Amazon dominates e-Commerce, the sole reason why people think the company could be a monopoly. However, The company does not fit the definition of a monopoly. As long as prices do not go up, consumers do not suffer, and competition challenges Amazon, the company does not fall under the category of a monopoly. The fact that no one has seen anything like Amazon before makes people worried; this produces people into believing that the five- hundred and sixty billion dollar company has control of the economy, thus forming a monopoly. However, as long as the prices do not go up, consumers do not suffer, and competition challenges Amazon, then the company does not have a monopoly. The first reason that proves Amazon does not have a monopoly: the prices. Amazon does control the majority of e-commerce. However, Amazon prices stay low, enhancing the business of Amazon, which explains the dominance in online shopping. “Howstuffworks.com “ claims “The online retailer is so wildly popular with American consumers — 1 in 4
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