This week in Economics we had all the different groups of Weserville come together, the Town Council, YMCA, Bass Pro, factory workers, and Unemployed. Each group is discussing whether or not a Walmart should be built in the town. Some people are worried about the few businesses we do have failing, the town becoming over crowded, or becoming a town based around Walmart. But some think that a Walmart will help Weserville grow and bring more people into the town.
In my opinion, I believe that Weserville needs to grow and expand. The closest stores are two hours away and the town has very few people. Also with Walmart it could bring more travelers through Weserville, which could help the town become more well-known. Bringing in a store like Walmart will cost a lot especially because we will most likely need to build new roads and buy stop lights. But a Walmart would bring more people and more money, helping growth of Weserville. This relates to what we learned about the circular flow model. If the households buy the goods, through the product market, business, and factor market the money will come back to the household. This relates to current events as well because many towns today are struggling with the decision of bringing Walmart to their town.
I also agree that we need a Walmart in Weserville with the same reason as you. I like how you relate it with a circular model. I hope that a Walmart will bring us many benefit s.
ReplyDeleteI too believe that a Walmart would help Weserville. The economy in Weserville is, for all practical purposes, non-existent. It needs to grow and expand! With a Walmart, Weserville may become an attraction to outsiders, and not just a small boring town.
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