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How Did The Economy Affect Ancient Egypt

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Fast food restaurants add up to be a great part of economies all over the world, especially within Egypt. Thus, when the economy becomes affected to such an extent by a revolution, changes must occur within the economy pertaining to the fast food business. The International Restaurants Company, which is stationed in Egypt, operates various fast food brands within Egypt as well as the Middle East.
Fast food franchises focus on high volume, low cost and high speed product. Food is usually cooked before-hand and served to-go in order for them to be fast-serving, though many locations also offer seating for on-site consumption. Consumers are able to get a familiar meal in each location of a specific fast food franchise, and menus and marketing …show more content…

Within Egypt, the economic recession occurred because the toppled regime failed to provide a decent life for the majority of the Egyptian people as it was busy supporting the corrupt elite. Therefore, many Egyptians, specifically the younger generation, took to the streets to demand "Life, freedom and social justice," three basic rights of which they were deprived during the era of Mubarak. The grievances that led to the January 25 revolution were primarily political, but economic problems played their fair share as well. Egyptians also blamed their government for the high rates of poverty and unemployment among young people as well as for corruption, illiteracy and the sharp differences between rich and …show more content…

This means that the revolution's economic cost was almost negligible. The post-revolutionary phase, on the other had, has shown to have a clear negative influence on the economy. This has been revealed by economic indicators that are worsening with time. The post-revolutionary government and the military council's poor management of the economic situation can be accounted for this devastation in the economy.
The data shows that:
The growth rate in 2010 was 5.7%
Most economic sectors were affected, especially tourism, exports and remittances from abroad.
These sectors are the main sources of local income in foreign currency
Egypt’s balance of payments was negatively affected.
Egypt’s GDP growth rate fell
There has been a flight of some Arab and foreign investments.
The tourist industry brings in 12% to Egyptian GDP, and has suffered heavy losses since the turmoil
Tourist numbers dropped 35% by the end of 2011, as tourists feared:
security

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