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Economy Of The United States Highlighted Scribd

Leo Migdal
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economy of the united states highlighted scribd

The United States has a highly developed diversified market-oriented mixed economy.[37][38][39] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP).[40] As of 2025, it has the... accounted for 14.8% of the global aggregate GDP in 2024 in purchasing power parity terms and 26.2% in nominal terms.[41][42] The U.S. dollar is the currency most used in international transactions and the world's foremost reserve currency, backed by a large U.S. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar.[43] Several countries use it as their official currency and in others it is the de facto currency.[44] Since... The American economy is fueled by high productivity, well-developed transportation infrastructure, and extensive natural resources.[45] Americans have the sixth highest average household and employee income among OECD member states.[46] In 2021, they had the... trading partners are Mexico, Canada, China, Japan, Germany, South Korea, the United Kingdom, Taiwan, India, and Vietnam.[51] The U.S.

is the world's largest importer and second-largest exporter.[52] It has free trade agreements with several countries, including Canada and Mexico (through the USMCA), Australia, South Korea, Israel, and several others that are in effect... has a highly flexible labor market, where the industry adheres to a hire-and-fire policy, and job security is relatively low.[54][55] Among OECD nations, the U.S. has a highly efficient social security system; social expenditure stood at roughly 30% of GDP.[56][57][58] The United States is the world's largest producer of petroleum, natural gas, and blood products.[59][60] In 2024, it was the world's largest trading country,[61] and second-largest manufacturer, with American manufacturing making up a fifth... has the largest internal market for goods, and also dominates the services trade. Total U.S.

trade was $7.4 trillion in 2023.[63] Of the world's 500 largest companies, 139 are headquartered in the U.S.[64] The U.S. has the world's highest number of billionaires, with total wealth of $5.7 trillion.[65] U.S. commercial banks had $22.9 trillion in assets in December 2022.[66] U.S. global assets under management had more than $30 trillion in assets.[67][68] During the Great Recession of 2008, the U.S. economy suffered a significant decline.[69][70] The American Recovery and Reinvestment Act of 2009 was enacted by the United States Congress, and in the ensuing years the U.S. experienced the longest economic expansion on record by July 2019.[71][72][73][74]

The New York Stock Exchange and Nasdaq are the world's largest stock exchanges by market capitalization and volume of transactions.[75][76] The U.S. has the world's largest gold reserves, with over 8,000 tonnes of gold.[77] In 2014, the U.S. economy was ranked first in international ranking on venture capital[78] and global research and development funding.[79] As of 2024, the U.S. spends around 3.46% of GDP on cutting-edge research and development across various sectors of the economy.[80] Consumer spending comprised 68% of the U.S. economy in 2022,[81] while its labor share of income was 44% in 2021.[82] The U.S. has the world's largest consumer market.[83] The nation's labor market has attracted immigrants from all over the world and its net migration rate is among the highest in the world.[84] The U.S.

is one of the top-performing economies in studies such as the ease of doing business index, the WEF Global Competitiveness Report, and others.[85] The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to the trade of the colonies.[86] These 13 colonies gained independence from the British Empire in the late 18th century[87] and quickly grew from colonial economies towards...

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The United States Has A Highly Developed Diversified Market-oriented Mixed

The United States has a highly developed diversified market-oriented mixed economy.[37][38][39] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP).[40] As of 2025, it has the... accounted for 14.8% of the global aggregate GDP in 2024 in purchasing power parity terms and 26.2% in nominal terms.[41][42] The U.S. dollar is the currency most used in in...

Is The World's Largest Importer And Second-largest Exporter.[52] It Has

is the world's largest importer and second-largest exporter.[52] It has free trade agreements with several countries, including Canada and Mexico (through the USMCA), Australia, South Korea, Israel, and several others that are in effect... has a highly flexible labor market, where the industry adheres to a hire-and-fire policy, and job security is relatively low.[54][55] Among OECD nations, the U....

Trade Was $7.4 Trillion In 2023.[63] Of The World's 500

trade was $7.4 trillion in 2023.[63] Of the world's 500 largest companies, 139 are headquartered in the U.S.[64] The U.S. has the world's highest number of billionaires, with total wealth of $5.7 trillion.[65] U.S. commercial banks had $22.9 trillion in assets in December 2022.[66] U.S. global assets under management had more than $30 trillion in assets.[67][68] During the Great Recession of 2008,...

The New York Stock Exchange And Nasdaq Are The World's

The New York Stock Exchange and Nasdaq are the world's largest stock exchanges by market capitalization and volume of transactions.[75][76] The U.S. has the world's largest gold reserves, with over 8,000 tonnes of gold.[77] In 2014, the U.S. economy was ranked first in international ranking on venture capital[78] and global research and development funding.[79] As of 2024, the U.S. spends around 3...

Is One Of The Top-performing Economies In Studies Such As

is one of the top-performing economies in studies such as the ease of doing business index, the WEF Global Competitiveness Report, and others.[85] The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia,...