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They have a mixed market in most places, but also have a traditional economy in rural areas.
The simplest answer I can think of is that if the western or global economy declines in output (lands in recession), that for the most part countries will also decline in gross domestic product (answer) . Because output decreases in a different country whom you are trading with, exports from that country will decrease since output has declined, and imports from that country will decline since they are raking in less revenue. This has a domino effect on all countries that they are trading with. The significance of this kind of fall depends on how much that country imports/exports. If a country like Germany or China exported less it would be devastating to the global economy and our national economy would be really bad to say the least. (explanation) So the status of our economy heavily depends on the global economy because of trade.
While consumers and producers make most decisions that mold the economy, government has a powerful effect on the US economy in a last four areas, as the government uses a capital system.
The Philippine economy is currently facing the problem of cushioning the effects of the global financial crisis on the productive sectors as well as on the most vulnerable group, the poor.
A dominant global culture is a nation or way of life that tends to cause changes in most cultures. Today, the United States is a good example of a dominant global culture.
a relationship one of the people in the relationship is dominant over the other in most areas.
The countries that depends mainly on industrialization for their economy are the main contributors for global warming. From a research, United States has the most global warming.
The most economical really powerful country
Most of what Americans consume is produced in the United States.
Initially Georgiaâ??s economy was mainly dependent on the growth and harvesting of rice for most of the 18th century. However, an increased demand for textiles in the north and abroad turned their dominant economy into that of most of the south, cotton.
In the North American deserts the cougar is the dominant species. In some areas it is the jaguar.
In the 1870s, most people lived in rural areas, as agriculture was the dominant industry. Urban areas were also growing due to industrialization, but the majority of the population still resided in the countryside.
America is considered the most powerful country in the world due to its strong economy, advanced military capabilities, technological innovation, cultural influence, and diplomatic reach. It has a large military budget, extensive global alliances, and plays a significant role in international affairs, giving it a dominant position in world politics.
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It is difficult to determine the most dominant city in the world as dominance can be measured in various ways such as economic power, political influence, cultural impact, or population size. Some cities that are often considered dominant on a global scale include New York City, London, Tokyo, and Beijing.
Software Engineering is very important as most of the world is moving to computers. IT is the future of the world.