Paper Topic:

Economics

1 . Introduction

The enthusiasm , as well as the anxieties that is generated by the working of the economy of the United States is not just US economy generates is not just obvious but also easy to understand . The United States , with a GDP of 13 .2 trillion USD , and a population of 300 million (with an average yearly per capita income of more than 44 ,000 USD , is the largest economy of the world (CIA Factbook , 2008 . Its currency , the US dollar , even in the throes of its greatest financial crisis , is the

world 's currency , and its markets the world 's biggest . In diversity and amount , the natural resources of the country are greater than those of most other countries . Many US industries are global leaders , and it remains the favorite marketing target for companies from across the world . With the US being the largest trading partner for numerous north and south countries , a large portion of the global economy relies upon US consumption for survival significant changes in its pattern can lead to global euphoria or gloom

The performance of the US economy is influenced by an assortment of local and international factors . Distinguished by particularly low government control , a guiding principle that was first chosen by the founding fathers and followed painstakingly ever since (Oppenheimer Reddaway , 1989 . Although the government stipulates regulations and ensures inviolability of contracts , most microeconomic decisions are taken by private firms and corporations (Rowe Silverstein , 1999 Governmental and Federal Reserve activities occur...

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