Thursday, December 27, 2007

McDonald's: Millionaire Factory

(via Don Boudreaux) :
McDonald's exemplifies the role of small businesses in Americans' upward mobility. The company is largely a confederation of small businesses: 85 percent of its U.S. restaurants -- average annual sales, $2.2 million -- are owned by franchisees. McDonald's has made more millionaires, and especially black and Hispanic millionaires, than any other economic entity ever, anywhere.--George Will
McDonald's operates more than 31,000 franchises worldwide

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