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THE UNITED STATES OF AMERICA
The United States is the world's greatest economic power, measured in terms of gross national product (GNP). The nation's wealth is partly a reflection of its rich natural resources and its enormous agricultural output, but it owes more to the country's highly developed industry. Despite its relative economic self-sufficiency in many areas, the United States is the most important single factor in world trade. Its exports and imports represent major proportions of the world total. The United States also impinges on the global economy as a source and as a destination for investment capital. The country continues to sustain an economic life that is more diversified than any on the Earth, providing majority of its people with one of the world's highest standards of living.
The American economy is a free enterprise system that has emerged from the labours of millions of American workers; from the wants that tens millions of consumers have expressed in the marketplace; from the efforts of thousands of private business people; and from activities of government officials at all levels who have undertaken the tasks that individual Americans cannot do.
The government plays an important role in economy. The U.S. federal government has strongly supported the development of transport. It checks the purity of food and drugs, insures bank deposits and guarantee loans.
America's individual 50 states have been most active in building roads and in the field of education.
The bulk of America's wealth is produced by private industries and businesses - ranging from giants like General Motors to thousands small independent enterpreneurs. America has traditionally supported free trade.
As a leading producer and exporter of technology, the United States contributes to worldwide economic growth. It exports more computer systems and electric machinery and invests more money in technological research than any other country.
American industries have become increasingly more service oriented. Careers in technical, business and health-related fields have particularly experienced employee growth in recent years.
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