He may be contacted at sssangra gmail. India has more arable land area than any country except the United States, and more water area than any country except Canada and the United States.
Economic history of the United States Colonial era and 18th century[ edit ] The economic history of the United States began with American settlements in the 17th and 18th centuries. The American colonies went from marginally successful colonial economies to a small, independent farming economy, which in became the United States of America.
As a result, the U. GDP per capita converged on and eventually surpassed that of the UK, as well as other nations that it previously trailed economically. The economy maintained high wages, attracting immigrants by the millions from all over the world.
Most of the manufacturing centered on the first stages of transformation of raw materials with lumber and saw mills, textiles and boots and shoes leading the way. The rich resource endowments contributed to the rapid economic expansion during the nineteenth century. Ample land availability allowed the number of farmers to keep growing, but activity in manufacturing, services, transportation and other sectors grew at a much faster pace.
Thus, by the share of the farm population in the U. The Panic of was followed by a five-year depression, with the failure of banks and then-record-high unemployment levels. Many firms grew large by taking advantage of economies of scale and better communication to run nationwide operations.
Concentration in these industries raised fears of monopoly that would drive prices higher and output lower, but many of these firms were cutting costs so fast that trends were towards lower price and more output in these industries.
Lots of workers shared the success of these large firms, which typically offered the highest wages in the world. Ideas about the best tools for stabilizing the economy changed substantially between the s and the s.
From the New Deal era that began into the Great Society initiatives of the s, national policy makers relied principally on fiscal policy to influence the economy.
Yet, even in the United States, the wars meant sacrifice. During the peak of Second World War activity, nearly 40 percent of U. GDP was devoted to war production.
Decisions about large swaths of the economy were largely made for military purposes and nearly all relevant inputs were allocated to the war effort. Many goods were rationed, prices and wages controlled and many durable consumer goods were no longer produced.
Large segments of the workforce were inducted into the military, paid half wages, and roughly half of those were sent into harm's way. President and the Congress. The "Baby Boom" saw a dramatic increase in fertility in the period —; it was caused by delayed marriages and childbearing during depression years, a surge in prosperity, a demand for suburban single-family homes as opposed to inner city apartments and new optimism about the future.
The boom crested aboutthen slowly declined.The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP and the second-largest by purchasing power parity (PPP).
It also has the world's seventh-highest per capita GDP (nominal) and the eleventh-highest per capita GDP (PPP) in The US has a highly diversified, world-leading industrial sector. The main purpose of this paper has been to examine the effects of some of the key macroeconomic variables on Pakistan’s economic growth.
Multiple regression framework is used to separate out the effects of key macroeconomic factors on growth over the period to growth either zero or less than one, while poorest countries have population growth more than two percent (Alex, ).
Currently, Pakistan population is around million increasing with growth rate of percent annually. The growth rate of population steadily decreases from in to in For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower government consumption, better maintenance of the rule of law, lower inflation, and improvements in the terms of trade.
"Determinants of Economic Growth: A Cross-Country Empirical Study," MIT. Effects of Inflation and Unemployment on Economic Growth in Kenya - to - Download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online.
Keywords: Economic growth, GDP, Imports, Exports, Government Expenditure, Pakistan. 1. Introduction The quantity of natural resources in the developing countries is relatively higher than other areas of the world.
Pakistan is among these countries that have all kind natural resources but still backward and its economic growth is relatively low.