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Business in United States |
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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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