Analyze and describe the factors that have allowed the U.S. to develop the world’s leading economy with the highest standard of living.

Analyze and describe the factors that have allowed the U.S. to develop the world’s leading economy with the highest standard of living. Compare and contrast the growth of the U.S. economy to the growth of impoverished countries such as Haiti, North Korea or Nigeria. Why has the U.S. economy grown so substantially, in particularly over the last 70 years, while some other countries (even some with abundant natural resources) have not? Also, identify the factors you feel will be important to continuing our economic growth rate in the future as well as possible hindrances.

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