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Theorem — Let be a positive integer. If : {: =,, >} is a set-valued function with closed graph that satisfies Walras's law, then there exists an economy with households indexed by , with no producers ("pure exchange economy"), and household endowments {} such that each household satisfies all assumptions in the "Assumptions" section except the "strict convexity" assumption, and is the excess ...
The United States economy was mostly agricultural with increasingly industry throughout the first third of the 19th century. Most people lived on farms and produced much of what they consumed. A considerable percentage of the non-farm population was engaged in handling goods for export. The country was an exporter of agricultural products.
Fussell argues that social class in the United States is more complex in structure than simply three (upper, middle, and lower) classes.According to Bruce Weber, writing for the New York Times, Fussell divided American society into nine strata — from the idle rich, which he called "the top out-of-sight," to the institutionalized and imprisoned, which he labeled "the bottom out-of-sight."
The United States has a highly developed mixed economy. [42] [43] [44] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [45]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [8]
The consumer appetite that kept the US economy afloat through the worst of the pandemic and beyond remains hearty — it’s just craving something new. This earnings season, retail bosses have ...
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
Since World War II, the United States economy has performed significantly better on average under the administrations of Democratic presidents than Republican presidents. This difference is found in economic metrics including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
United States Continuity of Operations facilities United States House of Representatives Office of Emergency Planning, Preparedness, and Operations Template:US POTUS Emergency Posts