Question

In 3-5 sentences, evaluate if the United States has been a leader in the global economy in recent decades.

Answer 1

Answer:

Over the past few decades, the world has been a witness to the drastic development both in the economic and social aspect. Over the years, the American society has not only seen the national economy doubled but tripled itself. According to the status, at present the business policies and the foreign capital finances have to maintain their present growth in order to see a much more positve and greater impact on the economy.

Answer 2

The United States of America is leading the world economy for decades. Because of drastic development in industries, tourism, especially in It sector.

How did America become the leader of the world economy?

American economy generates an enormous return of capital investment that creates millions of jobs and goods. America attributes a great power in military power, economic resource, geographic size, and dominance in world's organization.

There are several factors that contribute to making the American economy great such industrial revolution, the factory system, and the abundance of natural resources.

Therefore America is the leading world economy since the decade.

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