The United States’ economy is a well-developed market economy. [38] It boasts the world’s greatest nominal GDP and net wealth, as well as the second-largest purchasing power parity (PPP) economy after China. [39] In 2021, it had the ninth highest nominal per capita GDP and the fifteenth highest PPP per capita GDP in the world. [40] The United States possesses the world’s most technologically advanced and innovative economy. Its companies are on the cutting edge of technological advancements, particularly in artificial intelligence, computers, pharmaceuticals, and medical, aerospace, and military technology. [41] The United States dollar is the most widely used currency in international transactions and the world’s most important reserve currency, supported by its economy, military, petrodollar system, and enormous U.S. treasury market. The Nation’s Economy Natural resources, a well-developed infrastructure, and high productivity drive the economy of the country. [49] It has the world’s seventh-highest total-estimated natural resource value, valued at Int$45 trillion in 2015. [50] Among OECD member states, Americans have the highest average household and employee income. [51] They had the sixth-highest median household … Read more