Pop has enjoyed a monopoly for an extended period since his shoes are expensive, yet he still has clients who purchase them. The emergence of a new shoe factory will bring him competition. It is healthy for any business, and consumers benefit even more. I think Pop will have to reduce his prices and the rate at which he produces his products. It will have to be fast, unlike before, when his production period lasted for over a month. The story will tell us how the quality of shoes has gone down but increased the number of shoe businesses with rise of industrialization. With the lower prices the new company will be offering, the class will not be the same as Pop. However, Pop’s clients seem unable to purchase his products anymore due to high pricing, yet the next-door rival is offering at very competitive rates. To keep up with the pace, he will have to reduce. The quality will also have to go down. The opening up of a new factory will be the beginning of other new factories in the town. The competition will be on a higher level, and Pop will have to strategize again for him to remain relevant in the market.
Pop has been in the business for quite some time; he would not want to close down his business. I think the story will lead us to him opening up his new shoe factory. He understands the market well and is set to benefit more since he has clients, whom he has been serving for quite a long time. The small town in Pennsylvania is likely to experience the cropping up of new manufacturing industries. Apart from shoes, I think there will be other products like clothes, food, medicine, among other things which we will be manufactured from them.
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I see the story ending with a small town which turned into a big city. It is because of the new factories which improve the economic level of a particular village. People will get jobs; income will rise, and the living conditions of its inhabitants will change for the better.
