Amazons influence on united states economic development

In other words, it relates to the adoption of technology where the country’s economy is transformed to be more industrialized than dependence on agriculture. Improving living standards of the citizens in a state is also another critical aspect in economic development. The rise of industries in the United States has led to a lot of improvement in the economy and transformed the country significantly. Almost everyone in the country is always affected by changes in the economy. A large number of organizations have brought significant changes in the United States’ economy over the past decades. The GDP which is the measure of the health of a country’s economy is always significant in any country which. Countries with high GDP are characterized by high industrialization and production which makes it more economically stable and healthy.

It is also used to determine the performance of a country. The United States ’ GDP which has increased over the past years has attracted a lot of foreign investment and the development of industries since the economy is healthy to accommodate business activities of any kind. Amazon Company has thus contributed to the United States Economy by contributing a better fraction of the GDP. It has also increased the purchasing power of the population as many people trust its quality products and participate in online purchases from all parts of the world. In the modern world, however, the increase in technology usage has shifted consumer purchase behavior where people nowadays prefer to purchase products online and get deliveries at their doorsteps.

Amazon has specialized in online sales and delivery of products worldwide. Electronic sales has increased due to high sales Amazon makes totaling to $8. 5 billion. Amazon has reduced the prices of products generally giving the other retailers pressure to reduce the cost of their products in the market. Inflation is caused by low employment rates which lead to an increase in wages in the economy. This fuels inflation in different companies which also affect the consumer as they will raise the cost of services and products. Amazon has contributed to low price limits and high competition in the market. It has thus contributed to the demise of inflation in the country making the economy of the United States safer. The decision and strategies of Amazon to create more outlets and branches all over the world also forecast the creation of more employment opportunities that will help many United States citizens.

High rates of employment improve the economy in various ways including changing the consumer purchasing power and behavior, the creation of more revenues and improvement of social welfare of the population. It has also helped the youths a lot who lack employment by creating contractual jobs in the company which is based on short-term contracts such as 1 to 4 months. The entire country recognizes Amazon as a significant employer in the market. Amazon has also facilitated small businesses in the country Small business is benefiting from the Amazon’s logistics infrastructure. Amazon also contributes to the economy through sales taxes (Mrinalini). Amazon makes a lot of sales every year which are taxed by the government. Taxes are very significant for the creation of a stabilized economy in a country.

The United States which is also composed of many other tech giants such as Facebook and apple receive a lot of taxes. There are also good taxation rates in the country. It thus remains a competitive tech company despite the existence of other competitors in the United States such as Walmart. The ability of Amazon to invest in the States contribute significantly to economic development as there will be high production and sales of its products. Partnership with other companies Amazon has ventured in collaboration with other production organizations. It gets supplies from other organizations such as apple and other production companies. The vast range of products sold in Amazon is a result of high numbers of suppliers which are perceived as part of the organization.

Most of the contributions made by Amazon have impacted on the United States economy. The US, therefore, should appreciate the presence of some organizations such as Amazon and other which have enormous impacts on its economy. Economics in the United States is one of what it brags about in the world that is not just achieved by economic and political reforms but have to encourage the creation of businesses and corporations which will contribute to the economy in vast perspectives such as prevention of inflation, creation of employment opportunities, and source of revenue from taxes and also retailing. Other foreign companies and investments in the United States have also led to the development of its economy significantly. Work cited Berg, Andrew, Jonathan D.