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what goods and services does the united states produce? How is that output produced? For Whom...

what goods and services does the united states produce?

How is that output produced?

For Whom is the output produced?

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Answer #1

The USA produces goods like agricultural, dairy and allied sector products, manufacture of textiles, machinery, transport, food and beverages, etc. It produces services like defence, IT, education, tourism etc.

The output is produced using several production factors such as land, labor, technology, capital etc.

The output is produced for the consumers which can be individual consumers, famililes, government, producers who would need certain outputs as input factor for their production, etc.

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