Sweer Shop

Key Core Vocabulary:
1. Perfect Competition Market, the market in which there are many companies offering the same products, so that none of them influences the prices, perfect resources mobility, perfect knowledge and freedom of entry and exit.

2. Monopoly and Oligopoly. Monopoly is when there is a single person or company offering a product, a good or a service, (monopoly) and also thegood or service is not a substitute, ie for which no other can be substituted without any problem | therefore, this product is the only alternative that has the consumer to purchase. Here the producer or monopolist has control over the price. And Oligopoly is when t is when a small number of companies in the same sector, which dominate and have control over the market, these companies can producegoods or services identical differentiated by a particular aspect. power is not concentrated in a single producer, but in a small group of producers.Before oligopolist is aware of the actions of others. The decisions of an entrepreneur, thus affecting the decisions of others. The oligopolists exploit their privileged position to generate higher prices and less production. Such companies work togetherin order to maintain that power and avoid competition

“Sweat Shops” in foreign countries. Sweatshop is a manufacturing facility characterized by poor working conditions, violations of labor law, long hours, and low wages. The term originated in 1892, when concerned individuals began to speak up about heinous working conditions for American garment workers. Today, sweatshops can be found allover the world, although they are an especially big problem in developing nations. In some countries, consumers have lobbied major companies to reduce their reliance on sweatshop labor, in an attempt to promote healthy working conditions for laborers in the third world.
Labor violations can take a number of forms. A sweatshop may be clean and well lit, for example, but it could still employ childlaborers, or force employees to work long hours. Sweatshops can also be extremely dangerous for their employees; sweatshop workers can be exposed to toxic substances or heavy machinery without adequate protection, for example.

Several conditions promote the proliferation of sweatshops. The first is the tendency of major producers in the first world to contract their work out to nations with lessdemanding labor laws. Many countries have left labor laws lax to encourage foreign trade, in the hopes of improving their economies and general standard of living. In nations where sweatshops do violate labor laws, labor inspectors may not be able to visit manufacturing facilities very frequently, and in some cases they may be bribed into looking the other way.

2. Essay about Walmat'sstrategies Management

Walmart stores inc is the largest retailer retailer in the usa and the world. Walmart has Supermarkets,discount chains, Grocery stores, retail Warehouse Clubs called sam’s club and Superstores, General Merchandise Stores; Electronic Shopping and Mail-Order Houses. Walmart has 6,500 stores in 15 countries. Walmart is listed in fortune 500 companies as top in terms of revenueand profit making company of the world, making it largest corporation in the world.

Though out the years since 60’s, Wal-Mart has grown at an alarming rate. Although in the early years Wal-Mart was thought to be unsuccessful, it has since proven to be a retailer of the future. It is the largest retailer in the world. It has the highest gross profits of any company in the world as well asthe highest net profits. Wal-Mart has also topped the Fortune 500 4 times.
Wal-Mart created its organizational culture from the beginning of composition by Walton in his first opened in 1950. The company started in 1962 with only a small number of employees and has hugely grown since then and it is one of the few who are called to their employees “associates” and give them stock, and...