10 October 2015

The information contained within the following news articles have been pre published. The articles were published on the dates indicated and the information contained within these issues include references to taxation, legislation, regulation and other issues or concerns that may no longer apply

Big Maconomics: How McDonald's Explains the World


Big Maconomics: How McDonald's Explains the World

“The Big Mac isn't just a greasy hallmark of modern technological wizardry. It's also a tool for economists to measure the wealth of nations.”

The Atlantic have posted an interesting and comprehensive article detailing how the big mac is actually an economic tool, as shown by the Economists ‘Big Mac index’.

“The world's nations are diverse in ways that defy easy comparisons. But at least 118 of them share something similar. They have a McDonald's. 

In every McDonald's around the world, workers perform similar tasks with similar, shipped ingredients stored in similar freezers and prepared according to similar international protocol. This matters to economists, because McDonald's offers an international apples-to-apples comparison of wages and prices.”

Read the full article here


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