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.
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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.
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Productivity Gains from Technology
Productivity improving technologies date back to antiquity, and have accelerated greatly of late.
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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%).