Section 3
Trends in American Business
Book
Version 6
By Boundless
By Boundless
Boundless Business
Business
by Boundless
4 concepts
Productivity Gains in Agriculture
During the second agricultural revolution, U.S. agricultural productivity rose fast, especially due to the development of new technologies.
Productivity Gains in Manufacturing
In 2009, the United States was the world's largest manufacturer, with $2.33 trillion in output, more than Germany, France, India, and Brazil combined.
Productivity Gains from Technology
Productivity improving technologies date back to antiquity, and have accelerated greatly of late.
Service Economy Growth
Most of the U.S. economy is classified as services as of 2011 (agriculture 1.2%, industry 22.1%, services 76.7%).