Amazon pricing

While Amazon is a great American company it has its faults. Years ago people objected to Walmart moving in because they would run small local people out of business. Amazon sells products that other companies produce and they sell them at below the cost that these companies charge. This gives them monopoly power. Amazon tells those who sell on its site that they must purchase its wear housing and shipping services and this more than makes up for the lower cost of buying products on Amazon. The result is that many small companies have gone out of business. Between 2007 and 2017, the number of small retailers fell by 65,000.  About 40 percent of the nation’s small apparel, toy, and sporting goods makers disappeared, along with about one-third of small book publishers. (Small is defined here as under 500 employees.) Through the fees it charges sellers, Amazon keeps an average of 30 percent of each sale independent businesses make on its site, up from 19 percent in 2014