Us Economy 2004-2007

An Outlook of U .S EconomyThe Economy of the United States can be classified as the capitalist economy . The most adult trace of the capitalist economy is the control of few lot on a large amount of Capital . These batch are also responsible for taking definitive frugal decisionsWith the changing international circumstances the Governments of the world including United States snarl the need of restricting the use of power of a particular proposition group of people for their own commercial interests . This intervention resulted in shape of the American economy which can described as a mixed economy , with government playing an important role along with private enterpriseAlthough Americans often disagree closely exactly where to draw the line between their beliefs regarding , both dissolve enterprise and government management , the mixed economy they put one over developed has been remarkably successfulBasic Ingredients of the U .S . EconomyThe natural resources are considered as the most important ingredient of a nation s economic system . The United States is blessed with enormous reserves of minerals . The generative soil and the moderate climatic conditions effectively eke the farming function . Sea routes are extended on the routes through the coastlines on both the Atlantic and Pacific Oceans , as well as on the Gulf of Mexico . The inland lakes along the U .S . b with Canada earmark additional shipping access . These water routes shed increased the access to different commercializes . Through these routes it has become easier to turn to America s 50 individual states to meether in a single economic unitThe sweat plays vital role in the growth of an economy . Higher level of working nation is considered as an important indicator of a progressive economyThe labor market of the U .S has always remained competitive due to an vast supply of productive labor . A unique characteristic of the labor force is diversity .

The workforce constitutes the immigrants from Europe , their prompt descendants , or African-Americans whose ancestors were brought to the Americas as slaves . The 20th century American labor force constituted Asians and Latin Americans as the major part . This supply of the immigrants in the American job market also resulted in some periods of high unemployment . Many of these immigrants provide their services on relatively menialer wages as compare to the native citizens . With the abundant supply of labor and the factors of take the economic growth multiplied increasing the chances for immigrants to find more(prenominal) job opportunities (Conte Karr , 2001American economy was facing boom before beingness hit by the events of 9 /11 .The economy had alacritous growth rate and the lowest unemployment rate which was kept low for thirty years to a level of 3 .8 in 2001 but after 9 /11 the unemployment rate rosaceous to 6 .4 in 2003 more than a million jobs were issue lost during that period . The Government has applied different policies in to address the issues facing the economy . Federal govt . has been trying to stable the economy by using cutting of taxes...If you want to get a full essay, order it on our website: Orderessay

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