nomy is trade. The United States exported $663 billion and it imported $912 billion in 1998. This means that the USA has a trade deficit of $249 billion. This may sound bad, but trade is only 16.86 percent of the GDP. This means that the other parts of the GDP make up for the trade deficit. England exported $271 billion and imported 305.9 billion in 1998. So, England has a trade deficit of $34.9 billion. This does not sound near as bad as the $249 billion of the United States, but trade is 44.47 percent of Englands GDP. So, it is not that much better than the United States trade deficit. In conclusion, many people may believe the capitalist economies of the United States and the United Kingdom are similar, but in actuality they are quite different. Population, agriculture, industry, services, and trade are parts of the economy that differ between the United States and the United Kingdom. By evaluating these differences one is able to find that there is more than one way to have a successful economy....
