What factors help make the US the world's largest economic power?

Answer 1

A World Power is defined by several attributes:

• The capacity to continue to innovate
• The capacity to dominate markets, especially those that are widespread and globally recognized
• Ruler of currency: recognized and accepted internationally
• The ability to diffuse its own values and ideologies
• The possibility to use military and financial means to pose as a power in regional or outer-regional conflicts

The US is a world power because of several factors. It:

• Has a big organized territory: full of Natural Resources such as aquifers, means of energy, mines, etc.
• Has an important population: who represent a large part of the market of consumation and production
• Uses modern techniques: to increase the productivity and aid in competition while exploiting its resources
• Has a network of communication
• Has financial means to invest in economic, social and other means to aid the population. It permits the accumulation of capital and the growth of investments.
• Has values driven by the school, political system and culture which reinforce the importance of the population to develop their country, value progress that results from their efforts, and garantees the values of democracy and social justice
• The police and military forces which preserve the political stability, the peace, and the security inside the frontiers and demonstrate a force of persuasion to the exterior (US is known as the "Headquarters of the World")