The American Economy: the Struggle for Supremacy in the 21st Century – Essay Example

The paper "The American Economy: the Struggle for Supremacy in the 21st Century" is an outstanding example of an essay on politics. The position of government inside the US economy is decisive when it arrives at decision-making concerning fiscal and monetary plans. The federal government seizes all the essential initiatives to guarantee the development and firmness of the United States. The US government creates a full application of economic devices like tax rates, money supply, as well as credit control, amidst other things, to modify the rate of economic development. For the majority, the US Federal Government as well controls the process of private business involvements so as to avoid monopolies. The government provides a figure of direct services in the form of presenting assistance for national security, monetary support for research and expansion programs, and resources for highway construction & infrastructure on the whole. The United States sustains a "market economy." Americans maintain to consider that an economy usually operates to its finest when judgments concerning what to construct and what cost to charge for commodities are made by means of the give-and-take of hundreds and hundreds of self-sufficient buyers and sellers, not by the administration or by the commanding private concerns. Besides supposing that free markets encourage economic competence, Americans perceive them as a means of endorsing their political worth as well, particularly, their dedication towards individual freedom as well as political pluralism and their resistance to unwarranted concentrations of command.