The price of burgers has always been a reliable indicator of the state of the economy. When the economy is good, people are willing to spend more money on beef and other luxury items.
MORE IDEAS ON THIS
McDonald's global popularity is likely why the Big Mac was chosen as the cheapest hamburger to fill with economic indicators for many countries.
The Economist devised this interactive comparison tool in 1986 called The Big Mac Index. It was intended to ser...
Management concepts explained like tweets.
Countries also use Big Mac burgers as an economic indicator to understand purchasing power.
More like this
Digital currencies are tricky when it comes to their value.
Initially, they had value due to their being encrypted and secure, and now there is some fluctuation.
Cryptocurrencies have an intrinsic value mainly because of the mass adoption of the currency and the buyers, who sp...
Some of the issues the Duke of Windsor had to resolve to assume the throne:
Explore the World’s
Take Your Ideas
Just press play and we take care of the words.
2 Million Stashers
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates