14.0k views
2 votes
How were economic conditions in other industrialized countries similar to those in the U.S.

User SimplyKiwi
by
4.2k points

1 Answer

6 votes

Answer:

The answer is below

Step-by-step explanation:

The economy condition in United States of America and that of other industrialized countries are similar in many ways, amongst which are:

1. High levels of human development: the economic condition of other industrialized countries and that of USA experienced High levels of human development, this is an economic condition that is measured through Human Development Index (HDI); measure of average achievement in key dimensions of human development of any country, these achievements include: a long and healthy life, highly knowledgeable and decent or good standard of living among citizens of country being measured.

2. Subsidized Agriculture: Both economic condition of USA and other industrialized countries support subsidized agriculture policy at a very higher rate, which implies that, to a greater extent, much of the food and foodstuffs that are produced are effectively shielded from market forces.

User Chleo
by
4.2k points