The Us Economic Conditions Business & Marketing Essay (Essay Sample)

Analysis of the US Economy
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Analysis of the US Economy
Overview of the US economy
USA is a developed country and as such, its economy is defined by the high levels of innovation, creativity, flexibility, and resilience. In the early 21st century, the US economy faced a lot of economic challenges whereby it proved to stand strong. During this period, various stock markets collapsed, acts of nature like hurricanes destroyed a lot of property and business, there were constant wars and the country’s main corporations exhibited remarkable losses from various scandals that circulated about them. All these actions amounted to an overall recession that impacted negatively on the country’s economic conditions. The USA government plays a slight role in the regulation of the economy due to the fact that it gives its citizens the freedom to engage in various forms of businesses and innovations to enhance the overall economy. The economic resilience is attributed to the fact that there are limited restrictions in the business sector.