Monopoly is defined as the exclusive possession or control of the supply of or trade in a commodity or service.
I heard the discussion about Amazon being a monopoly on my local NPR station The question was whether the company should be broken up because it is so large and controlling the economy. The facts way that if any company should be broken apart it should be Walmart.
My family buys lots of things through Amazon.
Walmart emerged as the top global retailer of the year, according to a new global ranking from the National Retail Federation.
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The Top Global Retailers of 2021 retail sales reported to date
- Walmart ($120B)
- Amazon ($75B)
- Schwarz Group ($85B)
- Aldi ($85B)
- Alibaba ($23B)
- Costco ($44B)
- Ahold Delhaize ($61B)
- Carrefour ($43B)
Schwarz Group, Ahold Delhaize and Carrefour are European retailers. Alibaba sales are in Asia.
Historically Sears department stores were everywhere in the United States. From shoes to tools they sold everything. My family loved Sears stores and their super catalog. I recall my mother buying a stereo combo (radio and record player) through the catalog. No one ever thought Sears was a monopoly.
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