Explain The Symbiotic Relationship Between The U.s. Economy And American Business

Question OneThe U.S. economy is ranked among the best and fast growing global economies. This is evident in their persistently increasing GDP over years. Most importantly, the growth of the American businesses has been the core of this success.Through the creation of jobs opportunities, in the country enabling state of independence among citizens as well as raising their standards of living. Notably, the existence of worldwide retailers in the U.S., for instance, Wal-Mart, boosts the state economy not only via job creation but also revenue collected by the state via taxes. Innovation is another factor attributing to rising of American businesses (Astrachan & Shanker, 2003). This has been the key to the growth of new firms as well as the source of monopoly powers in the market, for instance, Apple, a multinational corporation.Charitable acts (sponsoring education and improving infrastructures) are among the factors that facilitate the success of a firm. For instance, after Facebook was established, the company spent a lot of money improving education and infrastructure (bike trails to minimize traffic).Giving back to the society is beneficial in that it creates respect and a decent reputation in the society (Dean, 2003). Also, building the good relationship with