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Section 3

Trends in American Business

Book Version 6
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Boundless Business
Business
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4 concepts
Productivity Gains in Agriculture

During the second agricultural revolution, U.S. agricultural productivity rose fast, especially due to the development of new technologies.

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Productivity Gains in Manufacturing

In 2009, the United States was the world's largest manufacturer, with $2.33 trillion in output, more than Germany, France, India, and Brazil combined.

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Productivity Gains from Technology

Productivity improving technologies date back to antiquity, and have accelerated greatly of late.

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Service Economy Growth

Most of the U.S. economy is classified as services as of 2011 (agriculture 1.2%, industry 22.1%, services 76.7%).

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