Economy and business in the United States

The United States economy is the largest, most powerful, and diverse in the world due to its geographic size and the country’s development during the 19th century. The United States has benefited from massive immigration, technological innovations and commercial strategies, the exploitation of natural resources, the expansion of international trade, and the fortune that the country was safe from the destruction that the two world wars caused in Europe. , and finally have a political and economic system that has managed to exploit all these factors.

The United States has vast growing areas that produce a wide variety of products such as cotton, grains, and tobacco, which are exported in large quantities. Its main mineral wealth are oil, gas, coal, copper, iron, uranium and silver. Its industry maintains world leadership in many sectors, including steel, automotive, aerospace, telecommunications, chemicals, electronics, and consumer goods.

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Bank of the United States

The largest source of employment is in the service sector, especially in finance (including banking, insurance and investment), leisure and tourism. Services provide three-quarters of production and employment, and on top of this is the development of new technologies and businesses through the Internet, which have revolutionized commerce and the lifestyle of Americans.

Economy

The main trading partner of the United States is Canada (which absorbs 20% of its trade). The two countries signed a free trade agreement in 1989 called NAFTA ( North American Free Trade Agreement ), to which Mexico joined in 1992. Other important trade partners of the United States are: Japan, the United Kingdom and Germany, followed by others members of the European Union.

Financial centers

The United States is the site of many congresses and conferences. It has good facilities throughout the country and also with several specialized magazines that offer information on the subject. Las Vegas was the preferred location for trade shows in 2004, hosting some 174 trade shows or exhibitions, followed by New York , Chicago and Atlanta .

 

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