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2/09/2017

Topic Reading-Vol.1765-2/9/2017

Dear MEL Topic Readers,
How fast food reveals secrets of the economy
Comparing the prices of the same goods, food or service, you can learn the economy of the marketplace. For example, the prices of a train ride and a slice of pizza in two different times could reflect the scale of inflation or deflation during the period. Another example is that the amount of French fries one country consumes. Because French fries are usually not local food and provided at fast food restaurants, it shows how much middle-class population has been created in the market. Also, the price of the same burger at the same restaurant chain in different countries is a good indicator of the currency value.
Next time you travel abroad, have a cup of Starbucks coffee and compare that price with the one of you your country or with other local meals of the country, you’ll learn how much value is added to a cup of coffee.
Enjoy reading and learning how to check the economy by food prices and menu.

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