Search results
Results from the WOW.Com Content Network
The economy of Arkansas produced $176.24 billion of gross domestic product in 2023. [1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. [8] Arkansas's per capita income for 2023 was $54,347, and the median household income was $55,432, which ranked 47th among U.S. states. [2] [9]
The highly concentrated high tech industry in Silicon Valley exemplifies industrial localization. [3] Although the cost of labor and land in Silicon Valley is very high, high tech firms continue to locate there because of the added benefit they receive from their proximity to a high-skilled labor pool.
The theory states that concentrating industries in specific regions creates several advantages. For one, greater economic activity occurs when many firms cluster in one area. In turn, this creates agglomeration spillovers which increases the total factor productivity of firms in the same county since they are all competing for the top spot.
Diseconomies of agglomeration are the opposite. For example, spatially concentrated growth in automobile-oriented fields may create problems of crowding and traffic congestion. The tension between economies and diseconomies allows cities to grow but keeps them from becoming too large.
The United States Census Bureau estimates that the population of Arkansas was 3,045,637 on July 1, 2022, a 1.13% increase since the 2020 United States Census [2]. As of 2022, Arkansas had an estimated population of 3,045,637, [3] which is an increase of 11,835, or 0.2%, from the prior year and an increase of 62,286, or 2.14%, since the year 2010.
The United States Census Bureau currently conducts a comprehensive Economic Census [1] every five years. The results of this survey are tabulated according to the NAICS and provide statistics about the U.S. economy.
In 2003, Arkansas had 1,466,600 acres planted with rice. California and Louisiana, the two states runner up to Arkansas in these categories, had only 509,000 and 455,000 acres of rice under cultivation in the same year, respectively. The five largest rice-producing counties in the state of Arkansas were Poinsett (134,944 harvested acreage ...
Arkansas (/ ˈ ɑːr k ən s ɔː / ⓘ AR-kən-saw [c]) is a landlocked state in the West South Central region of the Southern United States. [9] [10] It borders Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, Texas to the southwest, and Oklahoma to the west.