Final answer:
The U.S. has seen significant improvement in factors of production and manufacturing abilities, primarily driven by technological advancements and a skilled workforce. The manufacturing sector's growth is underscored by increased real production and a high number of patents issued, indicating an expectancy of continued improvement.
Step-by-step explanation:
When examining the factors of production and manufacturing abilities in the USA, there is compelling evidence to suggest improvement, particularly due to technological advancements. Over recent decades, the U.S. economy has seen a near five-fold increase in real production of goods and services since 1960, indicating significant growth. Workers have become better-educated, and there is more and improved physical capital, contributing to increased productivity and innovation capacity.
The influence of U.S. manufacturing on the global stage has been substantial due to these advances. The country holds a comparative advantage in high-tech capital equipment, which has resulted in an upsurge in net exports. Moreover, technologies like the wireless internet, genetic discoveries, and particle structure research demonstrate an age of technological marvels. With the U.S. Patent and Trademark Office issuing more than 150,000 patents annually, this innovation trend seems set to continue. Thus, the future of U.S. manufacturing abilities, enriched with technological progress and skilled labor, anticipates further improvement.