Thursday, April 25, 2013

Economic impact of fast food


Economic impact of fast food


Many people believe that Fast food is synonymous with the “American Lifestyle” and had also is origins in the United States, however most fast-food is of European origin, with a history dating back to the old romans. One famous example is the pizza. Originally the pizza was a simple flat bread (focaccia) to which toppings was added. Since people started to eat for pleasure, or while travelling the fast food industry started to grow. Mc donalds one of the biggest fast food chains on earth employs 1800000 people on the global scale, an there are more than 34000 restaurants worldwide.


THE 4 MOST SUCCESFULL FAST FOOD CHAINS IN EUROPE

Name
Presence in countries
Employees
Yearly sales
1
Mc Donalds
119
1.800.000
27.56bn $
2
Subway
99
150000
16.4bn
3
Pizza Hut
100
140000
13.6bn
4
Burger King
80
750000
1.97bn


The Fast Food industry is one of the biggest employers and has a big economic impact. Especially young people are employed in that sector. Fast food chains pay minimum wage, work condition are hard, and career opportunities are scarce.But for the average students it is a good way of making money. In the US 1 out of 3 citizens work for Mc donalds at least once during their lifetime.



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