Ge273 Project Part 5

In: Computers and Technology

Submitted By tcuevas74
Words 634
Pages 3
I have research and analysis for Voter Victor need. My findings are as follows. This is how America economy was born; the fledgling thirteen colonies established their independence on ingenuity, the frontier, and support from France and her allies. That is how the United States and her national debt were born, and both have expanded seemingly without limits. However, in the years leading up to America independence there were serious questions about the unsustainability of America’s economic practices developed. Once the world’s leading economic superpower, in the twentieth century America assumed the role of financial capital of the world. As America’s trade deficit continues to increase, much of America’s massive debt is now controlled by China, and a transfer of power seems to be in progress. But even amidst recession, the model of the American Dream is still clinging to life. Whether America and her dream can emerge unscathed in the coming years remain to be seen. It is a complex economic question, and one that cannot be untangled from the global economy. (Conte) phrases What makes America a mixed economy is the economic system in which both the state and private sector direct the economy. Most mixed economies can be described as market economies with strong regulatory oversight, and many mixed economies feature a variety of government-run enterprises and governmental provision of goods. In my opinion because America has several levels of social and economic standing such as the rich and the poor, I must tell you our economy is mixed. As America taxes are put on everything including income. America has many taxes to pay for most if not all government employees and necessary functions. America has local and state tax which paid for the school; sanitation department and street clean up. Property taxes are one of the primary (if not the only) ways for…...

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