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Oct
30
awarded  Popular Question
Oct
12
awarded  Yearling
Sep
5
comment Why is the USA the world's strongest country?
@Semaphore I see no link between agricultural productivity and GDP per capita. Well, maybe it can explain why Mali and Niger are some of the poorest countries in the world, and why Greenland is not a sovereign state. But after a state has achieved a certain threshold of wealth it cannot explain why some have high GDP per capita and why others have low and, therefore cannot explain the success of the US. I believe population density has a complex relationship with GDP per capita, given examples like Bangladesh, Rwanda, Haiti and India. But I believe urbanization has some kind of relation to GDP
Sep
5
comment Why is the USA the world's strongest country?
@Semaphore Yes, but GDP per capita (which I talk about) means GDP per person. So it measures economic activity per person. The population size does not affect this measure. Agricultural output has, of course, affected the size of a population, but agricultural activity typically contributes less than 5% of first world countries GDP these days. Services typically contributes more than 60%, while production fills up the rest of the cake.
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awarded  Popular Question
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awarded  Popular Question
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awarded  Yearling
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awarded  Informed
Apr
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awarded  Nice Question
Mar
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comment Why is the USA the world's strongest country?
@TomAu I would say that the power of an economy is best measured by GDP. To achieve a high GDP, it certainly helps to have a high GDP per capita. This is the reason why the US economy is roughly double the size of the Chinese. Holland is not a world economic power because it has too few people. Japan is, because it has both high GDP per capita and many people. I am not saying that a small land area causes wealth, I am saying that it does not affect wealth significantly. Japanese policies during the wars were obviously not sound, and should not be used as proof of anything.
Dec
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awarded  Nice Question
Nov
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accepted What was the worst economic crisis of all times?
Nov
19
awarded  Nice Question
Nov
16
accepted Has the accounting services industry ever been disrupted in the U.S.?
Oct
30
comment Has the accounting services industry ever been disrupted in the U.S.?
@NewAlexandria Thank you for attempting to fix the question. Unfortunately, since we are now only getting examples from the accounting business, and not business services in general, I do not thing that I will get any answers that will help me in my case. I also do not believe that we will get any answers at all, since the service that this business delivers is a very traditional one.
Oct
30
comment Has the accounting services industry ever been disrupted in the U.S.?
@kubanczyk I have attempted to clarify the question now. I had not thought about markets getting disrupted by government intervention or similar. I was more thinking about disruptions happening "naturally" in a liberal market like the one I describe the last paragraph.
Oct
30
revised Has the accounting services industry ever been disrupted in the U.S.?
added 909 characters in body
Oct
29
asked Has the accounting services industry ever been disrupted in the U.S.?
Oct
12
awarded  Yearling