American economy Research Paper Example | Topics and Well Written Essays - 6250 words

American economy - seek Paper ExampleThe government plays an important role in the economy, as is the case in all told countries. From the founding of the Republic, the United States federal government has strongly supported the development of transportation. It financed the first major distribution channel system and later subsidized the railroads and the airlines. It has developed river valleys and built dams and power stations. It has extended electricity and scientific advice to farmers and assures them a minimum price for their basic crops. It checks the purity of food and drugs, insures bank deposits and guarantees loans. Americas individual 50 states have been most active in building roads and in the field of education. Each family the states spend some $33,31 meg on schools and provide a free public education for 29.1 million primary-school pupils and 11.4 million youth in tributary schools. (In addition, 8.3. a million youths attend private primary and secondary school s.) Approximately 60 percent of the students who graduate from secondary schools attend colleges and universities, 77,2 percent of which are supported by public funds. The United States leads the world in the percentage of the population that receives a higher education. Total adjustment in schools o higher learning is 13.4 million. (Bureau of Economic Analysis, 2003)Despite the fact the United States government supports some segments of the nations economy, economists estimate that the public sector accounts for only one-fifth of American economic activity, with the rarity in private hands.