Economy & Trade

U.S. is Market Oriented Economy, where private individuals & business firms makes most of the decisions, and the Federal and State Governments buy needed goods & services predominantly in the Private Market Place. U.S. business firms enjoys considerably greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, lay off surplus workers, and develop new products. at the same time, they face higher barriers to entry in their Rival's Home Markets than the barriers to entry of Foreign Firms in U.S. Markets.

Like many other Countries in the World, the United States too had been undergoing profound economic changes. A wave of Technological Innovations in Computing, Telecommunications & the Biological Sciences were profoundly affecting how Americans work & play. At the same time, Historical Factors like collapse of Communism in the Soviet Union & Eastern Europe, the growing economic strength of Western Europe, and more recently the emergence of Powerful Economies in Asia, expanding economic oppurtunities in Latin America and Africa, have had affected U.S. Economy.

U.S. Foreign Trade and Global Economic Policies have changed direction dramatically during the more than two centuries that the United States has been a Country. In the early days of Nation's History, Government and Business mostly concentrated on developing the Domestic Economy irrespective of what went on Abroad. but since the great depression of the 1930's and World War II, the Country generally has sought to reduce Trade barriers and co-ordinate the World Economic System. Americans are convinced that Trade promotes Economic Growth, Social Stability, and Democracy in Individual Countries and that it advances World Prosperity, the rule of Law, and Peace in International Relations.

The Country has rich mineral resources, with extensive Gold, Oil, Coal, and Uranium Deposits. Successful Farm Industries rank the Country among the top producers of, among others, Corn, Wheat, Sugar, Tobacco; The United States is a Net Exporter of food, and its rich wheat fields have been referred to as the "BreadBasket Of The World". The U.S. Manufacturing Sector produces, among other things, Cars, Airplanes and Electronics. The Largest Industry is now Service, which employs roughly three quarters of U.S. Residents.

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