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Anything related to today's economy - Term Paper Example

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Name: College: Instructor: Date: United States Economy Introduction The United States economy has grown at an annual rate of 2.5% between January and March, but the period has also witnessed the highest consumer spending in the last two years. In addition, the period has been characterized by a reduced government spending and high tax rates…
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Anything related to todays economy
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Anything related to today's economy

Download file to see previous pages... Policies are aimed at ensuring sustainable and profitable exploitation of both natural and human resources to boost the growth of the country's economy. United States have capitalized on its strong scientific research and technological base to attract investments both locally and internationally. Moreover, it enjoys immigration of expatriates because of the opportunities and environment that necessitates growth. The unemployment rate is currently at 7.6% because of the current economic growth in the last three months. Saving and investment are considerably lower than the GDP and thus it is below the expected levels in comparison to other industrialized states. Inflation rate has risen by 1.5%, thus making the cost of living for American citizens a bit expensive (Bureau of Labor Statistics Para 4). Discussion Enterprenuers in different economic systems integrate the available resources, technology and labor to produce and distribute goods and services from the producer to the end user. Organization of different economic elements is reflected in the country's policies and culture. The American economy is a “mixed economy” because the government together with the private sector are instrumental in making economic related decisions. Although the government allows free enterprenuership, it has a primary responsibility of administering justice, infrastructure, defense and education to its citizens. It also controls natural monopolies and the price system. Moreover, the government supports the poor through providing medical care and economic support. It also helps people who suffer losses through natural disasters through giving low interest loans (Bureau of International Information Program para 4). United States economy is built on a wide range of natural resources namely minerals, moderate climate, arable lands, and extensive coastlines. The coastlines were instrumental in initiating the economic growth attained over the last 50 years as well as uniting the individual states into one economic unit. Labor mobility and emphasis on adoption of technology are the ingredients of America’s fast economic growth. According to Bureau of International Information Programs (para 5), In the America’s economy, human capital is considered important for the success of technologically advanced modern industries. To uphold the standards, the government and entrepreneurs emphasize on the importance of training and education to ensure that workers attain the knowledge and skills required in the new business environment. The business entities have adopted a modern managerial strategy to enhance efficient coordination of different operational elements. For instance, high technology industries employ expatriates and develop a culture of teamwork to attain objectives as well as maintain a competitive edge in the global market. Entrepreneurs in the united states use corporations to accumulate funds required to open up new businesses and launch new ones. The government has developed rules to ensure that the business environment is safe and there is efficient flow of information so that investors can be in a position to make informed decisions. Although there has been a significant growth in employment rate, statistics show that the civilian employment rate is still lower than expected. For ...Download file to see next pagesRead More
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