Economic Features

Making a Living

Primary Industries:
United States is part of Primary Industries. Many of the people are Primary Industries for there is 3% of them. They do many different job and each person works as a farmer, fisher or a forester.

Secondary Industries:
The most industrialized country is United States. United States industries produce many different materials which are automobiles, trucks, medicines, clothing, paper products and many more. Also most important industries United States produce are wireless phones, food plates, space travel and much more. American developed many more things as food products, paper products and also internet. These products are used many times now days thanks to the U.S.

Territory Industries:
Alot of people chose to make living in the United States Territory Industries. This includes education, baking, services, health care and much more.

Market Economy:
United States is also part of the Market Economy which makes the companies complete with each other for profit. Many people buy the products and these who do they influence what is made. Many companies are located here and most are based on U.S.A.

Trade:
The main trading partner for Canada is the U.S. 19% of products imported into the United States are Canada. Also Canada recieved many things from the US which added up to 23% which was imported to them. Even though Canada is United States main trading partners, EU (European Union) and Japan are the nearer important part of trading parts of the US.

NAFTa (North American Free Trade agreement):
Canada, US and Mexico became part of this organization in 1999. This remarked tariff for three countries US, Canada and Mexico. This made everyone trade more goods with each other and was able to make more factories for the United States. This organization was very helpful make goods and increase the profits.

WTO (World Trade Organization):
This orangaization is very important. The world trade organization is important for United States and very helpful too.

APEC (Asia Pacific Economic Cooperation):
United States is part of many different orangizations and this is one of them. This organization promotes trade and cooperation between Asia Pacific Region.

By: Janett