HW #2

There are many advantages and disadvantages when living in a capitalistic society. According to www.dictionary.com Capitalism is an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state owned means of wealth. One advantage of Capitalism is that the government has very little control over businesses, this allows business to compete, which then allow the consumer to find the lowest price. Also, capitalism allows businesses to hire more employees. Capitalism allows the business to obtain profits, with this profit they able to do whatever they want with it. Although there are many advantages there are also disadvantages. Some experts believe that capitalism causes inequality due to the distribution of benefits. Bigger businesses receive more than smaller sized businesses. Also companies are not allowed to make their own prices due to capitalism. Also due to the lack of government, it allows some businesses to dominate their industry. Ways to rule out the disadvantages of capitalism is to let the government have more control over big businesses. The way the government would have involvement in these businneses they would prevent them from buying out other businnesses and having a say in how they set their prices.

“Big Mac: Inside the McDonalds Empire”

“Since 1955, we’ve been proud to serve the world some of its favorite food. And along the way, we’ve managed not just to live history, but create it: from drive-thru restaurants to Chicken McNuggets to college credits from Hamburger U and much more. It’s been quite the journey, and we promise this is just the beginning-we’ve got our hearts set on making more history.”

McDonalds started out with 15 cent burgers and now have apple dippers, parfaits, snack wraps, and cinnamon melts. Even though McDonalds had a down fall, they seem to keep raising and making new items each year. The restaurant has also opened up to different countries. New product, company drops, and expansion have made McDonalds what it is today.

In 2002 McDonald’s claimed that they had a quarterly loss. In the previous three and four years, McDonalds spent 4 billion on new restaurants, spending 2000 a year on new buildings. This brought down the McDonalds already existing, showing dirty stores, bad staff, and cold food. McDonalds knew they had to make a change. They first started but focusing more on the stores they have, instead of building new ones. They brought many new food items to the menu. They refreshed the food and cleaned up the stores. They were also making food to order, so the food would stay fresh and warm. By doing this, McDonalds increased their revenue again.

Who would have thought McDonald’s has a head chef.  Chef Dan Coudreaut has been with the business since 2004. In answering a question on the Q&A page about his job on the McDonalds website he says, “My key responsibility is to help the creative team of chefs ideate and develop new menus for McDonald's approximately 14,000 restaurants. We brainstorm and test hundreds of menu items each month.” His job has had much success with making new innovations. They have a lot of new products because of his team. His Idea is to keep up to date what the buy wants, and will continue this goal.

Expansion has ended McDonalds all over the world. There are McDonalds in 6 out of the 7 continents. In all different places around the McDonalds changes their menu, to satisfy the customers they are serving. This website shows the difference in the foodacross the world.

In this society McDonalds has become the “king” of fast food. It keeps growing and will continue to grow. McDonalds will still come out with new items and keep expanding to new places. Even if they have bad years, they will always keep themselves up with new ideas. Individuals were smart to open a franchise of McDonalds because they have become fairly wealthy. McDonalds is a lifting business and will keep going.

Mike Bane- Mcdonalds

Big Mac: Inside the McDonalds empire

In class we watched CNBC’s Big Mac: Inside the McDonald’s Empire. This short film takes us inside McDonalds to see what happens behind the scenes of the world’s most famous fast food chain. McDonalds is one of the oldest and most popular fast food restaurants in the world. The first McDonalds was built in 1940 in San Bernardino, California. McDonalds has since expanded to all over the world and is still constantly building new locations. Their headquarters are located in Oak Brook, Illinois.

In the film we learn a lot about how McDonalds is so successful and about what problems their restraint faces. McDonald is so successful because their fast. It’s the perfect on the go, cheap meal. McDonalds uses this to their advantage and places their locations strategically on highways, or busy roads. McDonalds is also so successful because of how huge the organization is. There are new franchises opening up constantly and always opportunities for entrepreneurs to open one. McDonalds has expanded to many different countries and has changed their menus to fit those cultures. For example in china they sell salmon and in German they serve beer. McDonalds has been extremely successful in expanding and adapting to global business. McDonalds has also done a great job advertising. Their “mascot” Ronald McDonald is now just as recognizable as Mickey Mouse. They use Ronald McDonald to help get the attention of kids. They also always show kids eating McDonalds or in McDonalds on their commercials. They also give away kids toys with happy meals and have play places at some locations for kids to play in after they eat. All of these have helped McDonalds become extremely successful with younger kids.

The biggest problem with McDonalds Company is the health content of their food. The FDA has worked with McDonalds to make sure people realize how unhealthy their food is by making McDonalds show the nutritional facts on the back of their burger wrappers. McDonalds has tried to expand to more healthy foods by offering yogurt parfaits, salads, and also apple slices. This is definitely McDonalds biggest problem and will always be; this is because they are known for their burgers and large portions.

In conclusion after watching this movie I see how McDonalds has been able to do so well. I think McDonalds will continue to grow and become more and more successful. They do a great job by adapting to the publics wants and needs and because they are constantly coming out with new products and making changes they will continue to be the most popular fast food chain in the world.

McDonald's - Carter Rouleau

Creating McDonald's was one of the best business ideas anyone has ever come up with.  Today McDonald's is a multi-billion dollar corporation and is spread amongst many different countries around the globe.  Many customers try blaming McDonald's for their obesity, one of the McDonald's representatives said "they have a choice."  This is true, the consumer does have to choice to stop or to not stop at McDonald's to get a bite to eat, although, many people that have eating problems cannot resist the temptation of seeing a McDonald's almost everywhere they go.  Being a fan of McDonald's, I understand how hard it is to not eat there on a daily basis, although, I do not agree that McDonald's is the only reason for their obesity.  McDonald's, like any other major corporation, is just trying to make money.  Due to complaints, McDonald's has added more healthy choices into their menu such as salad, and apple fries.  Why does McDonald's do this?  Well first of all McDonald's realizing that making more healthy options on the menu will stop lawsuits from coming in, also people now a days are trying to stay healthy so these new options expand their market.

Capitalism

In a capitalist country if I were a small business owner i would be able to flourish because of the freedom I have. A capitalist country is one where all or most of the factors of production and distribution and privately owend. So if I were a small business owner i would have the ability to control the production and distribution of our goods. Also, in a capitalist economy those same business owners control the market rather than the federal government. So those same business owners that control what to produce and how much to produce also control the price those goods are sold for. This can create a problem when a business is struggling but the good they produce is a necesity then they are forced to raise the price and that often causes people to be unable to purchase the good. An example of this is my father, because he is a small business owner. He owns a small construction business with only three employees. He keeps the business so small so that he can control the flow of income and keep track of his supplies. As a small business he prides himself on completeing the job to the best of his ability which gets him the reputation of reliable. Along with being reliable he also ensures the costumer that at no point in time will he create an inflation of prices that cause the customer to be out on a limb. If you are a small business owner and the tax is reduced the advantage is the amount of money you have to pay is reduced. On the opposite end if the taxes get lowered and the government is not in control then you are not recieving any money from the federal government.

Capitalist Lifestyle

The capitalist lifestyle has its advantages and it’s disadvantages. The advantages are that you are free from the government to do what you want. If you wanted to start your own business, your own destiny and no one it the world could stop you from doing it. You can work at one place as a career and one day decide that you wanted to be something totally different. That’s what so great about being in capitalist country, it’s your choice and no one else to tell you any different. You also have power of you own money. If you want put it in the stock market or in a retirement account. As another privileges we get to own property without someone just taking it away from you for no reason. Another thing with capitalism is that there is competition between businesses, which makes lower cost for people like me to buy items at stores. Everyone has the opportunity to better himself or herself and make something of themselves.

With all this great opportunities comes with a downfall. The disadvantages of being in a capitalist country is that we can have so much wealth and only make so much money we can make as human beings. Another is that the government control is limited which lets a few businesses dominate other small business. Which destroys small people like us that have a family business and have to close it up. It pretty much leads up to the rich get richer and the poor get poorer. If you don’t get a good start off the bat, it’s a long difficult way to the top and get rich. Also with health care is that here, it’s not free. If you don’t have health insurance, then you might as well dig your self a whole because you will be in so much debt and if you get hurt and can not work, then you will not get paid until you start working again and earn you pay check. Another is the one’s that are in power limit others who are not in power to give up all there time for work. Also not everyone gets the benefits of being in the capitalist system. So there are always two sides to every story, it’s just whether how you look at every situation.

Capitalist Society

The advantage of living in a capitalist society is that
there is no limit to what you can achieve. You have the best competition
because everyone starts out the same and it’s up to you how big your business
can be. As a capitalist you get the best prices on goods and you can work your
business however you want too. You can hire and fire people at your leisure so
many people bust their butt every day because you can get fired at any
minute. You also have more freedom
because you get a lot of choice and those who work hard, get rewarded in the
end. Food advantages is that you have more choice so you can eat however you
want like fat-free, organic, or whatever you want. Some workers may seem over
paid or underpaid, the actual advantage is this situation is that everyone is
doing a job for their society that no one else does and it all contributes to
make one community. The last advantage
is happiness. You will be happy in the long run being a capitalist because you
have to freedom to make it big, or sink, it’s all up to you.

The disadvantages are people get too wealthy because there
is no limit on how wealthy you can be. The society breaks up into two parts,
the really wealthy ones that money just comes to them really easily, and the
kind of wealthy ones that work hard for every cent. It’s hard when you’re on
the bottom of the poll because you get fewer advantages than to fortunate would
get. They would cater to their needs first and put you second on the list. While
more and more people get richer, for the less fortunate it gets harder and
harder to become top class because there money status.

You could change the disadvantages by having everyone equal
and have every ones social status better. It will improve people’s business
because since every ones equal, no one will have the better hand.