So what is an economic system? A system in general means a complex and interconnected set of some elements. And although economists do not argue with this, their ideas about what an economic system is are far from unambiguous. There are several approaches to this problem. One of them is called “technological”. With this approach, […]
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SECTORAL AND TERRITORIAL STRUCTURE OF THE US ECONOMY
The modern structure of the US economy is dominated by the service sector (75%), which indicates the country’s transition to the post-industrial stage of development. In agriculture, only 2% of GDP is created, in industry – 23%. The most important feature of the US economy was the equalization of the location of the economy. In […]
MODERN MACROECONOMIC POLICY OF THE UNITED STATES
Modern macroeconomic policy of the United States began to take shape with the coming to power of the presidential administration B. Clinton since 1993, and since he was re-elected for a second term, therefore, his policy was recognized by the majority of Americans. The main directions of economic reforms during this period were: 1. Reduction […]