US economy is considered to be the largest economy of the world. This economy is considered to be a mixed economy and the microeconomic decisions are taken by the private firms in United States. Yet these decisions are controlled by the government of the country. The output per person is high in US as compared to other nations of the world.
The GDP growth rate was maintained as stable by the US economy. as a result, the unemployment rate of the country is least and the capital investment and research is increasing. National debt and external debt are the major concerns affecting the economy of US.