Question

Describe one element of the U.S. economy's current configuration (a market-based economy with a modest level of government intervention) that you believe is one of its greatest strengths, and explain why you consider this element to be a strength.

Answer 1

Corporate's growth is one of the biggest strength of U.S economy's current configuration

Strong corporate earnings enable corporations to invest more in new equipment and expand their operations. Technology advancements, corporate office growth, equipment upgrades, and personnel hiring all help the economy. Profits can also be used by businesses to increase their competitiveness by lowering costs and increasing employee pay, both of which encourage consumer spending.

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