Keyword: fast food

Fast Labor (9/2/2005)

Extreme division of labor into simple repetitive tasks allows the fast-food industry to increase throughput while lowering labor cost by tapping unskilled teenage and marginal workers.

Keywords: Adam Smith, division of labor, efficiency, fast food, interchangeable worker, labor, labor market, labor-saving, pin factory, standardization, teenage

Fat Nation (9/3/2005)

Through innocent pursuit of self-interests, Americans have grown fat with the food industry.

Keywords: Adam Smith, biomass index, calories, fast food, fat, game theory, invisible hand, soft drinks

More Money, More Options (2/25/2000)

Fast foods are inferior goods that are used more when income is low. "Sit down" restaurant meals are normal goods that are consumed more when income is high.

Keywords: demand curve shift, fast food, income, inferior goods, normal goods, restaurant