Download The Economic Transformation of the United States, 1950-2000: by George Kozmetsky PDF

By George Kozmetsky

This e-book presents an in depth research of U.S. financial transformation within the final 50 years, together with the relevant drivers for financial development, U.S. demographic transformation, and the altering area constitution of the U.S. financial system. financial Transformation of the U.S., 1950-2000 , presents modern and histori­cal contexts to demonstrate how technological innovation and the altering American ideology play a job within the technique of U.S. financial transformation. It describes the prone zone during which one set of provider industries is indentified as ""wealth providers"" and one other set as ""job providers.""

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Additional resources for The Economic Transformation of the United States, 1950-2000: Focusing on the Technological Revolution, the Service Sector Expansion, and the Cultural, Ideological, and Demographic Changes

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S. economy are profound. S. economy. S. economy into six categories as follows: • Technology Innovation Enhances Competitive Market The increasing use of computers, wireless communication devices, and the Internet allows consumers to access various kinds of information about products and services, and allows corporations to reduce transaction costs and to implement responsive marketing and pricing strategies. The Internet also provides a great opportunity for small businesses to enter and exit global markets in order to compete with multinational corporations.

The discount rate is the interest rate charged by a Federal Reserve Bank on short-term loans to depository institutions. The Federal Open Market Committee (FOMC) determines both the federal funds rate and the discount rate; all the other interest rates in markets follow them closely. Changes in these rates can be interpreted as an indicator of monetary policy. Increases in these rates generally reflect the Federal Reserve’s concern over inflationary pressures, while decreases often reflect a concern over economic weakness.

The Internet also provides a great opportunity for small businesses to enter and exit global markets in order to compete with multinational corporations. The limitations of physical distance and geographical locations can be reduced or eliminated via the global communication networks that link customers and producers worldwide. Information technology innovations allow markets to work more efficiently by allocating rare economic resources for their most productive usage. More efficient markets benefit consumers as well as producers, including both conventional businesses and companies in the cutting-edge high tech market.

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