State of the U.
Reference Copied to Clipboard. An overview of US economy The economy is the most important indicator to judge the internal living conditions and social development of any country. It provides information about the development of basic factors like health, education, happiness, infrastructure, living standard, etc.
United States is one of the largest economies that has gained huge level of hold on the world economy and controls the world economy through its internal situation.
It is clear that US has created its powerful industrial structure and per capita income is also appreciable inside the country. Further, the role of technology within the US economy is also remarkable.
Technologically the US has seen highest advancement and development that is sufficient enough to grow the economy as compare to other countries. The external economic factors put the positive impact at each another and lead towards the growth of the economy and the internal economic environment.
The government has their intervention into only health sector and transportation area. The country has maximum number of private companies who are successful and have earned huge profits all across the world.
Even the government buys the required products from private companies. This economic ideology is highly success in US and ensures the proper flow of income and effective utilization of natural resources. The decision making is in the hands of private firms in the US.
Here the private companies faced the high level of leverage of such kind of economic structure in expanding their business and taking the decisions appropriately.
The technological areas have brought down the revolution in entire world and America has become the pioneer of such advancements. The aerospace, computers, communication and information technology, medical, military, etc.
The residents of the country get their own home that was the positive indicator for US economy. This is not an example of the work written by our professional essay writers. But another fact is that the people who had less technical skills and educational qualifications they face trouble in establishing their growth in the era of technology.
They found obstacles in facing pay rises and other benefits at work place. It determines the unequal distribution of wealth and employment opportunities. At the same time, the US economy has faced huge level of growth in literacy ratio.
To meet out the requirement of technology people started to get educated and it just raises the level of employment within the country. Thus, the technology works positively in the long run and negatively in the short run. But its negative consequences are negligible as compare to the positive results.
Unequal distribution of wealth is another factor that could be realized in US economy over the recent past or industrial development time. Now the contribution or the role of oil is very significant in US economy.U.S.
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The. American Manufacturing and the U.S Economy - For over half a century, American manufacturing has dominated the globe. During this period, many great American businesses and corporations began. What Is the Current State of our Economy Below is a free essay on "What Is the Current State of Our Economy" from Anti Essays, your source for free research papers, essays, and term paper examples.
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Economy and other 64,+ term papers, college essay examples and free essays are available now on timberdesignmag.com Autor: review • August 30, • Essay • Words (4 Pages) • 1, Views.