US economy state of affairs Assignment Example | Topics and Well Written Essays - 1000 words

US economy state of affairs - Assignment Example With the prospering of a nation's economy, its citizens find themselves in position to posses great personal opportunities. Once that sure footing is lost, in such cases as job loss, then assurances of prosperity become few and far in between and as a result, individuals seek to question the unknown. As of late, the job market woes have become quite problematic, primarily for those individuals throughout the country, who have found themselves without work at some point or another. That being said, the unemployment numbers also become an issue for the very politicians that enact laws and control the flow of things, or at least claim to do so. Many states across the country are being victimized by high unemployment rates, such as California and are seeing those numbers translate into greater issues that leave even the state's general budget vulnerable as well. To further elaborate the power of the US economy, The World Factbook found in conjunction with the website for the Central Intelligence Agency (CIA), seeks to do just that in outlining the general structure of the American economic system. â€Å"The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $46,900. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace,† (CIA, p.1, 2009). Individuals such as private citizens and businesses do in fact wield considerable power when it comes to showing the health, or lack thereof, when it comes to the state of the economy.