McDonald's INTERDEPENDENT relationship with other firms
If minimum wage increased
Circular Flow Model
- More sales used due to more disposable incomes.
Overseas
Imports
Exports
Income / Wages
Labour / Resourse
- Disposable income- Able to afford more - More ways to reinvest income
HOUSEHOLDS
- More profit spent on wages
MCDONALDS
Goods & Services
Consumerism
Goods & service tax
Tax Benifits
Goods & service tax
Subsidy
GOVERNMENT
- More tax revenue - Less going towards benifits
Savings
Interest
Investments
Savings Interest
- More savings- Able to make more loans
Financial
Flow on flow chart
Gauri Ramesh
Created on March 12, 2023
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Transcript
McDonald's INTERDEPENDENT relationship with other firms
If minimum wage increased
Circular Flow Model
- More sales used due to more disposable incomes.
Overseas
Imports
Exports
Income / Wages
Labour / Resourse
- Disposable income- Able to afford more - More ways to reinvest income
HOUSEHOLDS
- More profit spent on wages
MCDONALDS
Goods & Services
Consumerism
Goods & service tax
Tax Benifits
Goods & service tax
Subsidy
GOVERNMENT
- More tax revenue - Less going towards benifits
Savings
Interest
Investments
Savings Interest
- More savings- Able to make more loans
Financial