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The Land of Opportunity - Essay Example

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The aim of the paper “The Land of Opportunity” is to examine an economic view of the country regarding unemployment and income-contributing aspects. The positive forecast for the aggregate economy also holds benefits for the small-scale industries and businesses…
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The Land of Opportunity
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"The Land of Opportunity"

Download file to see previous pages One should keep in mind that increasing employment signals increasing businesses that hire people, hence, more competition.  The firm might also consider expanding its market. For example, if the firm’s product is only meant to appeal to a particular range of age, say, teenagers to young adults, it might want to try producing manufactured goods modified for younger children. Of course, an extensive customer research must follow. Product improvement will occur after determining from the customers answers to questions like “How can this product improve?” or “What product that is not available yet will compliment this available product?” And lastly, the firm must acquire all the possible business from its product. If the product that the customer will experience? After this, the company can then proceed to providing branches that will deal with specific issues concerning the product. has something to do with technology, the firm must pre-meditate what will be the problems that the customer will experience? After this, the company can then proceed to providing branches that will deal with specific issues concerning the product.In the Foreign Trade Statistics, a list is presented containing the Top 10 Trading Partners of the U.S.—surplus, deficit and total trade. Countries with which the U.S. has a trade surplus includes: Netherlands, United Arab Emirates, Hong Kong, Australia, Belgium, Singapore, Panama, Bahamas, Honduras and Jamaica. Countries with which the U.S. has a trade deficit are: China, Japan, Canada....
In the Foreign Trade Statistics, a list is presented containing the Top 10 Trading Partners of the U.S.-surplus, deficit and total trade. Countries with which the U.S. has a trade surplus includes: Netherlands, United Arab Emirates, Hong Kong, Australia, Belgium, Singapore, Panama, Bahamas, Honduras and Jamaica. Countries with which the U.S. has a trade deficit are: China, Japan, Canada, Mexico, Federal Republic of Germany, Venezuela, Nigeria, Saudi Arabia, Malaysia and Italy. Lastly, the countries with which the U.S. trades are the following: Canada, Mexico, China, Japan, Federal Republic of Germany, United Kingdom, South Korea, Taiwan, France, and Malaysia.

Netherlands has a year-to-date surplus of U.S. $ 4,615.92M. China has a year-to-date deficit of U.S. $ 64,354.56M. Canada has a year-to-date total of U.S. $ 178.07B. These are the leading countries in the three categories and their amounts in surplus, deficit and total trade. Apparently, the trade deficit amount exceeds the trade surplus with the countries.

In studying these lists, it can also be noticed that several countries appear in more than one category. The countries Canada, China, Japan, Mexico and Federal Republic of Germany consistently appear on the Top 5 of both trading partners and deficit countries, in slightly different order. While Malaysia follows behind as the 10th in the trading partners, and 9th in the deficit countries. This clearly shows how the countries with which the U.S. has a trade deficit (specifically Canada, China, Japan, Mexico, Federal Republic of Germany and Malaysia) are also the same countries that are its top trading partners.

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