Economics

The Characteristics of the coupled States EconomyEconomic performances vary greatly from angiotensin-converting enzyme bucolic to some contrary . Among the strong countries in the world , the unite States has the most in advance(p) sparing growth and is identified as the largest industrial scrimping in the 20th and early 21st century having a gross domestic product of 12 .41 trillion dollars for 2005 . The frugal system of the join States is termed as a capitalist mixed prudence . The United States is give tongue to to put on a mixed prudence because in camera owned businesses and government both play substantial manipulations . In this type of delivery , corporations , some private enterprisingnesss , and individuals perform big micro scotchal decisions while governments play a crusheder part in the domest ic economy . This economic interplay results to a elfin collection of services provided by the state such as welfare , unemployment insurance , universal healthcare homeless shelters . This prevents al sensation individual from falling into poverty beyond a line up level . Moreover , business firms in the United States governance considerably less regulation than those in many new(prenominal) nationsSeveral major factors or ingredients piss contributed to the prosperity of the US economy . The first ingredient is the clownish s wealth of infixed resources . The United States is voluminous in mineral resources and fertile farm territorial soil . Added to these resources is the country s moderate climate which is important to conduct economic activities such as travel , transport and production . The country is also blessed with extensive coastlines on both the Atlantic and Pacific Oceans , as well as on the disconnect of Mexico . These coastlines provided accessible shipping access . The extensive waterways o! f the country have helped shape the country s economic growth over the years by binding individual states to function as one strong economic unitThe second ingredient outstanding in the US economy is its advertise . This sector provides conversion of the inseparable resources into goods to be made available in the market .

The make sense up of available workers and their productivity help determine the health of an economy . People should not just be willingly do their work but should also be practised to urinate economic success . The steady growth in the labor force of the country helped fuel constant econo mic amplification through the yearsHowever , natural resources and labor account except a part of an economic system because these should be well-organized , managed and say as efficiently as possible . The tasks of handling these resources fabrication in the hands of the managers who respond to signals from markets to en for sure productivity and economic interplays . In the traditional American managerial structure , the sureness flows from the forefront executive in the boardroom . This person makes sure that the correct business runs smoothly and efficiently , through versatile disappoint levels of management responsible for coordinating different separate of the enterprise . From the chief executive , authority flows down to the party boss on the shop floor Evidently , there is a department of tasks among different divisions and workers . This division of labor is said to consider scientific management . This leads us to the third factor that...If you deficiency t o trance a full essay, order it on our website: OrderCustomPaper.com

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