The U.S. Economy美国经济
1)Factors that contribute to the fast growth of the economy:
①the geographical location of the United States povides very good conditions for the country to grow and become strong.
②the United States has been blessed by being a land rich in mineral resources and fertile farm soil, together with a moderate climate.
③America has been fortunate in having enough people to provide the labour necessary for a constantly expanding economy.
④the quality of available labour. The United States has a skilful and willing labour force.
2)Characteristics of the U.S. economy:
characterised by a high degree of monopoly.
3)the importance of foreign trade:
the United States supplies a larger share of the imports of all other countries than does any other country in the world. But the U.S. share of the world trade has declined in recent years.
①Currently US exports are about 15% of the world's total;
②the US imports about 13% of all world imports;
③Canada is the largest single source of goods imported by the U.S., accounting for nearly 30% of the total. Asia provides about 18% of American imports. Thus the economy of these countries is often affected when the U.S. economy is in trouble.
4)problems facing the US economy:
unemployment, inflation, financial deficit, and trade deficit.