Three factors by america palce at world economy leading edge, Microeconomics

Assignment Help:

3 factors by america palce at world economy leading edge

3 factors have taken pride of place in explanations of America's place at the world economy's leading edge in its level of technology during the 20th century:

  • First the U.S. had an exceptional commitment to education: to schooling everyone (everyone who was white; and boys more than girls) even in largely-rural economy of the 19th century and to making the achievement of a high-school diploma rule rather than exception in the cities of early 20th.
  • Second, U.S. was of extraordinarily large size--the largest market in world. So the U.S. could take benefit of potential economies of scale in ways that other smaller economies couldn't match.
  • Third, U.S. was extraordinarily rich in natural resources specifically energy. To the extent that energy and natural-resource intensive industries were at the heart of early 20th century industrial growth, U.S. was again well-positioned.

 


Related Discussions:- Three factors by america palce at world economy leading edge

What do you meant by multinational corporation, Q. What do you meant by Mul...

Q. What do you meant by Multinational Corporation? Multinational Corporation: A multinational corporation (MNC) is a company that directly undertakes productive facilities or o

Input substitution when the input price change, Input Substitution When the...

Input Substitution When the Input Price Change  Isoquants and Isocosts and Production Function The minimum cost combination can be written as: - Minimum cost

Calculate the mc function and fixed cost, (i). A firm's costs are 500 when ...

(i). A firm's costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6. (ii). The following are est

Inflation, how measure the inflation

how measure the inflation

Problem Solving, Regardless of the market structure, oligopolist and the mo...

Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?

Microeconomics, Ways in which the markets fail and discuss why government i...

Ways in which the markets fail and discuss why government intervention is justified and whether government intervention works or not.

Demand for risky assets, Demand for Risky Assets *  Assets - Somethi...

Demand for Risky Assets *  Assets - Something which provides a flow of money or services to its owner. -  The flow of money or services can be explicit or implicit . *

Strengthening the financial instruments, Strengthening the Financial Instru...

Strengthening the Financial Instruments - rationale in era of globalisation: With this in view, following suggestions can be made: i) Finance must be conditioned on a poli

Mixed economy, is south african economic system more allocative efficient?

is south african economic system more allocative efficient?

Production function and returns to factors, what is the law of diminishing ...

what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd