U.S. ECONOMY under Trump and under Biden, a Comparision
Introduction ============ The United States economy is a vast and intricate system, impacting not only the lives of Americans but also the global economic landscape. As one of the world's largest economies, the US plays a pivotal role in international trade, finance, and industry. Understanding the current state of the US economy involves examining several key areas, including inflation, cost of living, unemployment, jobs, taxes, national debt, manufacturing, imports and exports, consumer spending, and the housing market. At its core, the US economy is a mixed-market economy, blending free-market capitalism with various levels of government intervention. This unique structure has enabled the US to foster innovation, drive economic growth, and maintain a relatively high standard of living. However, it also faces numerous challenges that can impact economic stability and growth prospects. Recent trends highlight a dynamic economic environment. Inflation has been a major concern; dri...