It also affects the GDP growth rate in recent past. Currently, the US government needs to improve their international relations and have to focus on basic economic components or sectors.
They need to grow the agriculture sector and need to increase their export ratio of natural resources. To meet out the requirement of technology people started to get educated and it just raises the level of employment within the country.
It is clear that US has created its powerful industrial structure and per capita income is also appreciable inside the country. The US has plenty of natural resources, but most of them have been utilizing for inside consumption. The economic structure come into trouble as the US government put their leg into wars with Sectors of economy essay and Afghanistan and were in search of terrorist groups and their leaders.
The infrastructural development was on the peak that is another indicator for healthy economic structure. Other than expenditure on war and acquiring the weapons there is need of spending on social welfare and creating the investment opportunities. Unequal distribution of wealth is another factor that could be realized in US economy over the recent past or industrial development time.
The America imports such huge amount of crude oil for the consumption of residents. This economic ideology is highly success in US and ensures the proper flow of income and effective utilization of natural resources.
At that time, US faced a high level of issues with respect to their economic structure. Become a Freelance Writers Place an Order Very latest economic data represent the consumer price index at stabilized rate of.
Now the contribution or the role of oil is very significant in US economy. The fluctuations become very common scenario, and it creates trouble in handling the economic structure. During to the petrol prices were not so stable, and it just create trouble for US economy to handle the situation.
They found obstacles in facing pay rises and other benefits at work place. For the same purpose, banks issued more number of loans, and the amount was so high thus it creates the negative flow of money within the economy and it just lead towards the economic recession.
Still the infrastructure development of US is appreciable and increasing year on year. At the same time, the financial crisis took place in the entire world and America faced two major problems.
They need to perform well on the continuity basis and need to contribute for national welfare rather than individual growth and development. Funding to an international organization is required so that the interest could be received, and this long term investment can strengthen the base of US economy.
It helped in generating the job, revenue for the country through various processes.America. The following essay or dissertation on the topic of America has been submitted by a student so that it may help you with your research work and dissertation help. The economy is the most important indicator to judge the internal living conditions and social development of any country.
These sectors have become the foundation of. Sectors of Economy Essay SECTORS OF ECONOMY The three- sector theory is an economictheory which divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and services (tertiary).
Technology refers to the body of information whose utilization elicits the manufacture of products and services from various sources of the economy. Today, the use of technology has penetrated all sectors in a.
Below is an essay on "Sectors of the Economy" from Anti Essays, your source for research papers, essays, and term paper examples. Transcript:Sectors of the Economy A nation's economy can be divided into various sectors to define the proportion of the population engaged in the activity sector.
The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining).
Essay on Employment and Its Effect on Economics - How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come.Download