Highlights one feature of USA economy.
Answers
Answer:
One main feature of the US economy is that the US is present in all parts of the world and in all sectors of the world economy. The US share of the world economy remains an enormous 28 per cent.
Answer:
The economy of the United States is a highly developed mixed economy.[36][37] It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP).[38] It has the world's fifth-highest per capita GDP (nominal) and the seventh-highest per capita GDP (PPP) in 2021.[39] The United States has the most technologically powerful economy in the world and its firms are at or near the forefront in technological advances, especially in artificial intelligence, computers, pharmaceuticals, and medical, aerospace, and military equipment.[40] The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its economy, its military, the petrodollar system and its linked eurodollar and large U.S. treasuries market.[41][42] Several countries use it as their official currency and in others it is the de facto currency.[43][44] The largest U.S. trading partners are China, Canada, Mexico, India, Japan, Germany, South Korea, United Kingdom, France and Taiwan.[45] The U.S. is the world's largest importer and the second-largest exporter.[46] It has free trade agreements with several nations, including the USMCA, Australia, South Korea, Israel, Switzerland and several others that are in effect or under negotiation.[47]