USA Economy

Date: 2015-10-07; view: 535.

Urban Issues

As you could expect, urban and rural populations often face different kinds of problems. Cities (2,500 or more residents) must deal with congested traffic, for example, or high populations in need of housing and adequate food supplies. Along with high population comes overcrowding, as the limited space is rapidly used up. Overcrowding, crime and waste disposal are three of the major concerns in urban areas today. Data shows that the these three serious issues often go hand-in-hand with high population density.

The US is one of the world's wealthiest nations, with abundant natural resources , a well-developed infrastructure, and high productivity.

Its nominal GDP was estimated to be $15.7 trillion in 2012 , approximately a quarter of nominal global GDP .

The US is the world's third-largest producer of oil and second-largest producer of natural gas .The United States has a mixed economy.
The country is one of the world's largest and most influential financial markets . The New York Stock Exchange (formally known as NYSE Euronext ) is the world's largest stock exchange by market capitalization. Foreign investments made in the United States total almost $2.4 trillion.

The major sectors comprising the economy of Untied States are Retailing, Energy, Agriculture, Manufacturing, and Finance. The country remains the second-largest consumer of energy in the world, and most of the energy needs are fulfilled through petroleum. Even though manufacturing is not the leading sector of the economy, it is enough to remain number one in the whole of the world. Airplane manufacturing is a major activity in this sector. The country is also the largest trading nation of the world, with most of the trade happening with Japan, China, and European Union.

agriculture: 1.2%, industry: 19.2%, services: 79.6% (2011 est.)

It should be specially emphasized that the condition of the U. S. economy depends to a vast extent on the world-wide oil prices. If they are at a low-rate American economy prospers, otherwise it is in a decline. This phenomenon can seem the reason for the economic crisis of the USA nowadays. That is why America has an urge to control the oil field in Iraq which will give it an opportunity to control also over the world one. In this case the economic interests of the USA coincide with its political ones.

The United States' economy is currently embroiled in the economic downturn which followed the Financial crisis of 2007–2008