CLASS 5

So I’m back again!!! Today I talked about the role of big companies in the United States and I realized that the US economy is control by these companies so if one of them makes a mistake it could prejudice the entire economy of the country! I believed that this kind of responsibility cannot be trusted just on a few companies it is just not right.

 I cannot deny that these companies are important to the overall economy because they tend to have more financial resources than small companies to conduct research and develop new goods, can supply goods and service to a greater number of people, they can often sell products at lower prices because of the large volume and small cost per unit sold, they can offer more job opportunities, higher wages, better health and retirement benefits and they have the advantage in the market place because costumers are attracted to well-known brand names.

On the other hand, on these times of recession, American people questioned severely these big corporations because the big companies not hire a lot of people anymore, they are moving abroad to decrease the production cost leaving American people without job stability. This is causing a wage of terror in the US.

But overall we can deny that these companies, like Coca Cola, Apple, etc, are the ones that promote the US helping it economy to grow.