USA Economy: USA is the world's one of the most developed economies. A brief account of USA is given below:
(i) Role of Private Sector: Private sector plays a major role in the production of goods and services. The government does not interfere much in business activities.
(ii) Multinational Companies: It has Multinational Corporation such as Ford Motors, General Electric, Coca Cola, Wall Mart. American businessmen and corporations have got influence and presence all over the world.
(iii) Agriculture: USA's agriculture is very advanced. It is one of the biggest exporters of foodgrains such as wheat, corn, fruits and vegetables.
(iv) Manufacturing: Petroleum, steel, automobiles, construction machinery and agricultural machinery are some of the major manufacturing industries in the USA.
(v) Education and Health Services: Education and health services are of high quality in the USA. 85 per cent of children enter public schools in the USA as against 15% in India.
(vi) Exporter of Goods: USA is one of the top three exporters of goods and services in the world and biggest importer from the rest of world. Its currency (US dollar) is an international currency because of its dominance in world trade.
(vii) Poverty and Unemployment: America's unemployment rate in 2010 was 9.9 per cent. About 16% of its population did not have access to good food in 2008.