ANALYZING INTERNATIONAL COMPETITORS

Accessing Economic Environment

1. Major Products and Industries.

The are many types of industries in America, and they have contributed to the growth of the economy. The major industries in the country are the health care management services which have increased due to the overwhelming ageing population. The elderly needs additional services for chronic conditions, therefore, leads to the demand for expanding the number and types of jobs in health care centers. The information technology industry which has employed many people in the country. The IT industry has affected every state because technology plays a role in many sectors in various industries such as manufacturing industries, health care services, education and transport (Dubofsky, 2013). There are major industries in America which provide support in the development of the country.

The significant import into America includes capital goods such as telecommunication equipment for example computers and semiconductors. Importing good for the consumer which include the category of electronic devices such as mobile phones, radios and televisions sets. The largest category of imports is the automotive parts, engines and vehicles to assemble in the industries. The principal exports from America involve industrial goods such as petroleum products, plastics and fuel oil. The other commodities are capital goods which include electric apparatus, industrial and telecommunication machines and medical equipment (Dubofsky, 2013). The exports help in creating revenue from foreign exchange therefor helps in improving the economy.

2. Current economic state

America's economy appears to be maintaining a growth momentum through the year. The country resent financial state as related to the GDP it proves that the economy is rapidly rising every year. It shows that the economy is expanding at a gradual rate especially during the winter season. The economic growth may slow down due to increasing of interest rates and inflation in the country. The government improved the labor market which encouraged employment therefor increasing the personal income of an individual (LeMay, 2013). The economic factors may deter foreign investment because the challenges on the economic progress will disrupt business activities and make investor lose confidence in investing. Even though the economy of America is one of the best, it has setbacks such as the rising income inequality and detonating infrastructure. The issues are not able to attract investors to invest any longer in the country.

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Dubofsky, M. (2013). The Oxford encyclopedia of American business, labor, and economic history. Oxford: Oxford Univ. Press.