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2006-12-28 12:21:09 · 12 answers · asked by Don B 2 in Social Science Economics

12 answers

It all depends on 'best'.
If you mean biggest (GDP): the USA
If you mean highest GDP/capita: Luxembourg
If you mean most equitable: Denmark
etc, etc.
I really think 'the best' could be any of a number of factors or combination of factors. I would go with a capitalist society with some government involvement in the economy, like one of the Scandanavian countries.

Peace

2006-12-28 17:12:29 · answer #1 · answered by zingis 6 · 0 0

The USA has the power to print money and at the same time, control inflation by setting its federal reserve rate and prime interest rate. The cheaper dollar helps US companies be more competitive when they do business overseas. Can you think of another country that is doing a better job on improving its economy? I can't. The USA probably has the best economy.

We usually like to talk about GDP because it can be measured and published. We also know a lot of people who produce a lot and yet live poor lives. To have the best economy, it's probably more important to play the number game and politics very well rather than just focusing on producing.

2006-12-28 18:52:01 · answer #2 · answered by John 3 · 0 0

In my opinion, the US had the best economy about one hundred years ago. It was called the Free Market. Since that time, we have lost our gold backed dollar. It has been replaced by inflating federal reserve notes, which are only considered money because government says they are (legal tender laws). Real money has intrinsic value. For thousands of years, people used gold and silver. They don't inflate. They retain their value. Inflation is stealing by politicians.
Besides the loss of the gold dollar, we have been saddled with unconstitutional regularity agencies. These regulate our once free market. Government control of the economy without government ownership is called fascism. That's right, FDR battled the Great Depression (which was created by the Federal Reserve) with fascism. Nixon's wage and price controls in the 1970's was also fascism.
And today, our politicians have shipped most of our manufacturing jobs overseas with NAFTA and GATT. We are becoming a service economy. We have a tremendous national debt. And its all because we have not been paying attention and forced our politicians to follow the Constitution.

2006-12-28 16:09:21 · answer #3 · answered by iraqisax 6 · 1 1

It depends on how you define "best economy". Different countries have different particular strengths when it comes to econ statistics.

Yet the whole entire purpose of an "economy" is to satisfy the needs of the consumer. No one actually keeps track of that metric, but that's what the whole thing is about. In my expansive travels, I've seen nothing but further evidence that the USA economy excels the most in satisfying the needs of its people.

2006-12-28 15:12:51 · answer #4 · answered by KevinStud99 6 · 1 1

China

2006-12-28 13:47:39 · answer #5 · answered by Anonymous · 0 1

economy of china will become the best in the wold in the next 20 years

2006-12-28 12:24:46 · answer #6 · answered by lovely1991_dinh 2 · 0 2

Luxembourg (then Norway and USA), if you measure it by GDP Per Capita.

USA, Japan, Germany, China by total GDP.

Probably China, if you measure it by GDP Growth.

2006-12-28 12:26:01 · answer #7 · answered by ricochet 5 · 1 1

India Lots of money,Plenty of people.Major demand for technical expertise!USA and rest of the world is investing their heart and soul!

2006-12-30 14:22:31 · answer #8 · answered by greg f 1 · 0 0

Norway.

2006-12-28 12:35:17 · answer #9 · answered by Anonymous · 0 1

china

2006-12-28 13:09:30 · answer #10 · answered by Anonymous · 0 1

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