Today, many businesses or industries in United States are on the verge of extinction. The growth rate in these sectors is falling and the labor rates are shrinking. These industries are finding it difficult to conduct their daily business.
As the U.S economy is weakening, more any more dying industries are popping up. The U.S government is trying its level best to give boost to these industries. These industries include the housing, finance, textile and many others. Blame it on global slowdown of economies, but the fact is that closing down or decline in these industries can have serious impacts on the economy of United States, forcing the govern to adopt some hard steps to keep its economy going.
The Great Depression of 1900’s and its impact worldwide are still fresh in the minds of the people. However, its not that these industries cannot rebound, dying industries just need to work on their fundamentals and take some corrective action through careful planning and analyses and they will surely come out of this mess. The industries in United States that keep up with the changing times will definitely survive and even, these will thrive more when the economy stabilizes once again.
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The government of United States is well known for providing support and financial assistance to small enterprises to make them prosper. The economy of U.S thrives largely on small businesses and the government constantly chalks out programs, tax holidays, tax break and other incentives to encourage the growth and formation of these industries.
The government not only offers support through various programs only, but they also keep a close watch on market scenario and protect these businesses from potential threats. Most of the small businesses in United States face the problem of financing. However, the formation of SBA has made it easier for the entrepreneur to avail loan and other financial support. There is high level of trust between the government and small businesses. Government knows the worth and potential of small businesses in their economy and thus, try their level best to empower them with more technical knowledge and finances.
Government also provides disaster assistance to help a dying business by offering emergency financial assistance. A great deal of information is made available to people at all stages, thus you have absolutely no reason but to consider yourself as a potential player. Therefore, if you are planning to begin your quest for business, do that, government is there to help you.
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You will find it hard to believe, but small businesses and not giant corporations are the backbone of the U.S economy. Small and medium enterprises in the United States account for around fifty-five percent of the total workforce of America. These businesses serve as a continuing source of dynamism for this country.
One of the major strength of small businesses is that they are able to adapt themselves quickly to the volatile market conditions. They have full knowledge of the customers and know the ground realities well. Examples of some small companies who have now gained international recognition are Microsoft, Nike, and Federal Express etc. No doubt, that not all small business are a success, many of them fail too. However, the failure of business is not considered as a social stigma in United States, as it is considered in many other countries.
Due to their bargaining power, the small enterprises have won many exemptions from federal regulations. In 1953, the Congress created SBA (Small Business Administration) to provide financial assistance and technical expertise to the small enterprises. Many small businesses have grown many times and flourished because of the facilities and benefits given to them by SBA.
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The businesses in United States have gone through tremendous change in the last hundred years. The history of business in United States, tells us how a simple economy worked hard to become the most powerful economy in the world. Post World War – II, America saw huge demand for its product and thus marked a growth in their economy. Many new industries cropped up in the scenario. Rapid development in the technology sector gave a significant boost to many dying industries and thus saved the economy from a negative impact.
Mass production made business cut production cost significantly, however it is also a fact that it was one of the major reasons for The Great Depression.
Internet played a crucial role in keeping the economy of U.S stable. Today, almost all the businesses in America rely on the use of internet to conduct their day-to-day activities. Internet allowed various U.S businesses to expand throughout the world, making it one of the most popular economies. No doubt, that U.S was formed on democratic principles, but it developed and grew only because of its business and nothing else. It is well said, “America means business and business means America”.
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Women are catching everyone’s attention in politics in the United States. Ever since the women in U.S earned the rights to vote, American culture has shown tremendous progression. Women are now able to have a say when it comes to matters pertaining to the country.
When Geraldine Ferraro was nominated for the post of vice-president way back in 1980’s not all were sure about the idea of ladies running the country, but now in 2009, you will find many, not only one example, of women running the entire country.
Hillary Clinton and Sarah Palin garnered huge support during the elections held during last years. A huge segment of Americans now believes that idea of having women in American politics is an attractive and viable choice.
When Hillary Clinton ceded to Mr. Barack Obama, almost one third of her supporters vowed to support John McCain. The women in U.S politics have proved the strength of their convictions.
No matter, whether the successful party has a man or woman’s heartbeat away from the Presidency, everyone wants someone who has extensive experience in policy matters and foreign affairs, people want a person who will be best able to forward peace in this world.
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