Prepared by Aswathy
The USA is a federal republic. USA is the world's largest exporter and importer. In 2005-06, USA is indias largest trading partner accounting for about 17% of indias exports and 6% of indias import.
The USA has ths structure of a typical advanced economy a manufacturing base which is shrinking relTive to the service sector and a small but very productive agricultural sector.
The USA has an exceptionally diverse economy and is self sufficient inmost raw materials. Leading industries are steel, motor vehicles, aerospace, telecommunications, chemicals, electronics and computers. In addition the US ecomomy is known for the mobility of its labour and capitals.
The US economy has created jobs impressively over the past few years. This has resulted in the enhancement of non farm employment. Job growth has by no means been distributed evenly across the ecinomy. Besides the employment in the services and construction sector also increased appreciably.
The USA has a number of innovative high technology industries which remain world leaders such as pharmaceuticals and aerospace. The USA produces 42 percent of the pharmaceuticals marketed worldwide and 70 % of the world s general aviation aircraft.
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