Economy of the United States:

College
Essay
Miscellaneous
Pages 15 (3765 words)
Download 0
In each and every economic system, entrepreneurs and managers bring together natural resources, labor, and technology in order to produce and distribute goods and services. But it is the way in which these different elements are organized and used that reflects a nation's political ideals and its culture.

Introduction

The economic system of the United States can be described as a capitalist free market-oriented mixed economy, in which corporations and other private firms make the majority of microeconomic decisions and governments prefer to take smaller role in the domestic economy, although the United States' government's role is relatively large, at 38% of the GDP.1 The largest sector in regards to the United States' economy is service, which employs roughly three quarters of the work force; the economy is fueled by an abundance of natural resources, such as coal, petroleum and precious metals, however, the country still depends upon foreign nations for large amounts of resources, such as petroleum.
The economy of the United States is one of great discussion and significance, and in order to come to a clearer and more knowledgeable understanding on this subject matter, all elements and key factors in regards to the U.S. economy must be fully and thoroughly discussed. The aim of this paper is to do this, as well as investigate and moralize the factors in relation to this, in order to reach a more intellectual and critical point of view on the issue at hand. This is what will be dissertated in the following.
The United States is often described as a 'capitalist' economy, and although Americans often disagree about exactly where to draw the line between their beliefs in ...
Download paper
Not exactly what you need?

Related papers

US Primary Market Structures
US Primary Market Structures …
Fiscal policy and the US economy
'Auerbach and Feenberg (2000) have estimated that automatic tax stabilizers offset about 8% of the impact of an economic shock to GDP.'(Economic Research and Data. The Role of Fiscal Policy. 2002)…
How does the U.S. Economy affect the global economy?
The Dow has in past days hit a new high, touching 11,720, a level not seen since January 2000, when shares surged off the back of post-millennium hubris and the dotcom boom"(Halligan, 2006, p. 14). This caused many stockbrokers in the United States and other stock exchanges around the world that the United States economy looked ghastly. This is of course apologies to Al Gore in his inconvenient…
Economy of the United States:
The economic system of the United States can be described as a capitalist free market-oriented mixed economy, in which corporations and other private firms make the majority of microeconomic decisions and governments prefer to take smaller role in the domestic economy, although the United States' government's role is relatively large, at 38% of the GDP.1 The largest sector in regards to the United…
United States Trade Deficit
(AP/CBS, Washington, May23, 2003) …
Monetary Policy in the United States
2. As a central agency the FED can seriously affect the manner in which it can affect the banking system. Firstly, it monitors the sale of different government instruments. In this manner it affects the rate of interest in the market and ensures the growth in credit and money supply.…
Immigration in the United States Essay
Through out the world people strive to maintain and higher their standards of living and thus America being an attractive country for standards is a ideal place for people to immigrate to. These illegal immigrants are both beneficial and harmful to the United States of America. This article would further discuss the topic of illegal immigration in the United States of America.…