Comments

You must log in or register to comment.

TheCriticalAmerican t1_jce6rc4 wrote

So, McDonald's is an inferior good (in the economic sense). Nice graph that shows it.

4

PrinticeDev OP t1_jcei7bd wrote

Actually, GDP per capita rises as there are more McDonalds, as this graph's y-axis is "people per outlet". The more people per outlet, the less GDP per capita, which means that McDonalds is actually more in demand in higher-income countries

1

TheCriticalAmerican t1_jcekyms wrote

You can't really make any inferences like you were saying. I went to your source, and People Per Outlet just seems like population divided by the number of stores in that country. I thought it was like an average of visitors per store, or even total number of transactions divided by the population.

Basically, what your graph shows is McDonalds Per Capita vs. GDP Per Capita. Which, I'm not sure what exactly useful information can be taken from that.

3

idareet60 t1_jcezq0x wrote

Going by anecdotal evidence the middle class would go to McDonald's whereas in the States that's not the case. So it does seem like a case of inferior good but I agree that this data doesn't tell us much.

2

PrinticeDev OP t1_jcpepfn wrote

Yup, I'm very aware - just making an observation

1