How does fast food affect US economy?

Fast food frees time to spend on activities other than preparing food. Time is the scarcest and least renewable of resources. Better use of scarce resources tends to improve the economy. read more

The fast food industry generates about $165 billion in revenue annually, based on 2011 market research by IBISWorld. The research also indicates that about 184,200 fast food businesses operate in the United States. Meal prices affect consumers’ restaurant choices in some economic climates. read more

What we know is that the fast-food industry is massively profitable. It has created huge multinational corporations, which have made massive profits for their shareholders and executives. The corporate records we quoted in our chapter on the economics of the fast-food industry confirm this. read more