ESTABLISHMENT OF US ECONOMY
The American settlement was started in 17th and 18th century and
at that time the United States economy was being established.
From colonial economies it became an independent nation in 1776.
During 19th century US grew to an integrated, huge
industrial economy and became fifth in the world ranking.
The country started with the trend of cutting the
cost and selling more product and that really worked.
The wages paid to the workers are the highest paid
in the world and it is all because of equity.
Since 1920's it was the world's largest economy
ranking the number one on the basis of GDP.
It started with the major occupation as farming and agriculture,
it achieved the status of having largest occupation as services.
The main contributor in the growth of the economy was ample
of natural resources and proper usage by the country.
The industrial sector has many important usage of natural
resources and when they are available in your own nation
then no expense regarding the import is attracted, thus resulting in the biggest
saving and the biggest contributor to establish of the base of the economy.
The inventions made in the country contributed to
improved standard of living of the American's.
The best combination was proper communication and the
vision to make the country a better place to live.
The money that has been made by the country is all because of the hard-work
and proper efforts that got great direction and excellent execution.
THE RISE OF ECONOMY
The economy of United States is considered as the most developed and mixed economy.
The Purchasing Power Parity has contributed to achieve
the target of number one Economy in the world.
The main factor that contributes to the USP of the country is
the currency as it is the most used currency in the world.
The major characteristics of the favorable economy
is all due to science and technology, military,
full faith of the US Government to reimburse its debt and the central control
achieved by the country of various international institute during the World War II.
The country has seen many changes in the graph but has always
overcome every push back with a greater reverse force.
The country has been the most admired economy
and even around the world the minute details of
the same are taught and many have target to
achieve the success that this country has earned.
The country is having abundant natural resources,
high productivity and well-developed infrastructure.
The country with second highest value natural resources
and the total estimation is about 45 trillion dollars.
The countries household employees gets the best pay
around the world and it has made various records.
During 2016 it was considered as the largest trading nation in the world.
The best example of a fully developed economy.
It has the largest industrial sector and the largest internal
market for goods which is dominated by trade in service.
Achieving five times the household final consumption expenditure considering
Japan made the country's market as the largest consumer market.
It has always attracted immigrants and has the
highest rate of immigrants on the world levels.
Many up's and down were noticed during 2007-08 and later it revived since 2009.
Hollywood too belongs to the US and everyone knows that it is the biggest
entertainment industry in the world which is having a fan following worldwide.
People around the globe are crazy behind the American pop-stars and
their growing popularity has also increased the flow of currency.
The various stage shows and screening worldwide have provided
great business and are the most successful sector of the economy.
The country has the government which is free
from corruption and the laws are very strict.
One cannot escape by cheating to America and the best example
is the death of the terrorist who attacked the Twin Tower.
American Laws are never partial and they are always seeking for justice.
The country considers everyone as equal when the situation is to provide justice.
The cases are solved with a scientific approach and the country has the
most unbiased system that contributes to providing justice worldwide.
It has been associated with many Non-Profit Organizations,
Peace-making organization, Health organization, etc.
They always come first to help a nation fighting with a natural
disaster and they always provide help to the country facing crises.
The American flag has an eagle and stars to it which reflect the features
of being sharp and smart-aided with the vision to touch the sky.
The country is growing and is leading the Earth as a whole.
PRESENT STATUS
According to the statistic, United States has GDP
of 19.36 trillion dollars which is ranked number
one and the growth rate is marked as 3.3% with
GDP per capita of $59495 that is number seven.
The division of sectors that contribute to the per capita of the country's
economy has major sector as SERVICES which has 79.5% of the total contribution,
next is INDUSTRY with 19.4% and last is agriculture with 1.1%.
the labor force of the country was recorded as 160.5
million in 2017 and 7.5 million remained unemployed.
The major occupation of labor force is managerial,
professional, technical, sales and office,
other services, forestry, fishing, manufacturing,
extraction, transportation and crafts.
The main industries include petroleum, motor vehicles, steel, electronics, food
processing, mining, consumer goods, telecommunication, steel and moto vehicles.
The exports accounted for 1.45 trillion dollars
and the goods that achieved this target were
manufacture produce, agriculture products, fuel and mining products and other products.
The countries that accepted the products of Unites States are termed as export
partners and it includes European Union, Canada, Mexico, Japan, China and few others.
The import achieved a target of 2.25 trillion dollars which
were imported as agricultural products, fuel and mining,
manufacturing products and the countries through which the same were
imported includes China, European Union, Canada, Japan and Mexico.
The country has many milestones to achieve and will be
considered as the Tomorrow land for many developing nations.
New York City is the hub for the service sector and people
who are working there have a great status in the human race.
Future is unpredictable but the statistics speak a very loud word that 2050 vision of
the globe can be redefined by inventions and contributions by the American industry
which has people of all over the globe.
The service sector of America has the best talented professional who are
majorly Asians and they are contributing towards the growth of America.
Overall, the country which has the main attraction as the development and success
achieved makes it an ideal country for every developing nation worldwide.
The country that has the best research and development team, even the one that has
the best astronauts and the country that can pay you according to your talent.
Human are attracted to high pay, full-on enjoyment
and great standard of living and this is a summary
for a native American who has a talent and for
many immigrants who are now a green card holder.
The dream of every aspiring student who belongs to Information Technology field
always aim to work in an American company and earn money according to their talent.
The country has earned the confidence among the world that they are the best and they
provide best amenities to their residents and they have their doors open for you.
The economy having the best contributors and the
better execution has never shaken by any low-point
and has also proved the world that they are the most powerful economy with
the best military and the prestigious status among the other nations.
The support of this country is always asked by
other nations as they know if they held their
hand then there will be no looking back and
they can become a developed nation very easily.
The world can become one if equity is promoted over equality as by United Nation.