The economy in North America

Matt Ryan

O1 Human Geography

11/6/09

Human Geography essay Economic and Social Development

North America Posses the world’s most powerful economy. We produce some of the world’s most sought-after goods. We are abundant of natural resources like energy, metals, and forest. The extraction of natural resources is only 3 percent of U.S economy. North America is one of the most productive food producing countries. The United States also sells other Industrial raw materials such as coal, which is the most abundant fossil fuel in America. Improvements in North America, such as transportation and communication, made the foundation for urbanization, industrialization, and the commercialization of agriculture. North Americas’ employment ways made a good way for people to stay connected in a society. This keeps people employed and keeps jobs open. Industries need location factors which are the influences for the industry. North America is very big in selling, purchasing, and trading goods in the international market. Advertisement and investment is the main money flow for economic influence. North America has many people with wealth and poverty. The wealth people have money and the people in poverty are poor. There will be many challenges that will happen in the 21st century. People will have to make choices on what they spend money on and how they save money.