PRESENTATION OUTLINE
In order for the economy to grow citizens need to spend money on different goods and services, which would require a current medium of exchange in the form of coins and banknotes.
The economy of the United States is a free market, which allows prices for goods and services be determined through sellers and consumers.
A free market economy also comes with law of demand and law of supply. Law of Supply states as a supply increases then the price increases, same if the supply decreases the price decreases. Law of Demand states as demand decreases price increases or vice versa.
The US has the largest economy in the World, which is determined by the country's GDP.
Even though the US has a free market economy there are still problems that deal with the people with the wealth and social inequality. Nowadays the wealthy are not getting paying as much tax as the lower or middle class are paying and that is what creates poverty in the US.
