9 min
Amazon is remaking small businesses in its own image, report says Marketplace Tech
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- Technology
Amazon might seem anathema to small business, but the fact is, third-party sellers account for the majority of the e-commerce giant’s sales. These sellers range from independent artisans and designers to opportunistic resellers of products from big-box stores. A new report from the nonprofit Data & Society examines how Amazon is helping, hurting and generally transforming the small business retail model. Marketplace’s Meghan McCarty Carino spoke with Moira Weigel, the author of the report and a professor at Northeastern University. She described the effect Amazon has on small businesses as a “trickle-down monopoly.”
Need some Econ 101? Sign up for our Marketplace Crash Course and get weekly lessons to complete at your own pace!
Amazon might seem anathema to small business, but the fact is, third-party sellers account for the majority of the e-commerce giant’s sales. These sellers range from independent artisans and designers to opportunistic resellers of products from big-box stores. A new report from the nonprofit Data & Society examines how Amazon is helping, hurting and generally transforming the small business retail model. Marketplace’s Meghan McCarty Carino spoke with Moira Weigel, the author of the report and a professor at Northeastern University. She described the effect Amazon has on small businesses as a “trickle-down monopoly.”
Need some Econ 101? Sign up for our Marketplace Crash Course and get weekly lessons to complete at your own pace!
9 min