ECONOMICS

American Economic System

American Economic System

Introduction

The successes of the U.S. economy achieved largely due to a number of favorable factors that contributed to the rapid socio-economic development. We select the most important of them. U.S. has got a huge, almost unpopulated continent has abundant natural resources, first of all, various minerals, conveniently located in relation to the rapidly developing industrial centers. The climate is the main agricultural areas of the country, with their fertile soils conducive to maintaining a highly productive agriculture (Bolino, 1966).

In the U.S., there was no pre-capitalist relations (with the exception of slavery in the south), remnants of which ...