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Why is the American economy so strong?

Best Answers

Until recently, the American government allowed bad businesses to fail, with the expectation that new innovations from small businesses would take their place and improve services and products. read more

American culture places immense value on independent ambition and encourages innovation and entrepreneurship. until recently, the American government allowed bad businesses to fail, with the expectation that new innovations from small businesses would take their Place and improve services and products. read more

Over the last 20 years we have been creating more restrictions on businesses, so we likely will not grow over 2% per year on average in the future, but there's a lot of momentum behind the strongest economy in the world, and it will take awhile to drag it down. read more

Europe's economy is firing on all cylinders. China's growth is stable. Japan is finally on the rebound. And Latin America's big players (excluding Venezuela) have emerged from recession. A lot of U.S. companies sell their products in those markets. A healthier global economy lifted the profits of American companies. read more