Ethical standards with regards to competition

Wal-Mart is known for offering good prices on a wide variety of products and many people shop at Wal-Mart because the prices allow them to live better lives. At the same time, Wal-Mart has been criticized for several of its business practices. One of the business practices that Wal-Mart has been criticized for is that often, when Wal-Mart comes into a community, it drives small, local businesses out of business because they can’t compete with Wal-Mart on price and variety.

Are Wal-Mart and the local merchants in the communities that Wal-Mart enters natural competitors? Are they enemies? Does Wal-Mart have an ethical responsibility to the small, local businesses in the communities where it locates its stores? What is the basis of that ethical responsibility? 200 word

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