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What are the economic impact of Amazon’s acquisition of Whole Foods?
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The main economic impact of Amazon’s acquisition of Whole Foods is higher prices for consumers, as Amazon has raised the price of many items for sale in Whole Foods stores. Amazon also invested heavily in Whole Foods’ supply chain, leading to a wider variety of products and increased efficiency which may help reduce prices in the future. Additionally, Amazon has raised wages in Whole Foods stores, providing economic benefits to employees. Finally, as Amazon is opening its own grocery stores, it is also likely having a lasting impact on the competition in the grocery sector.