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26 October, 08:25

How were economic conditions in other industrialized countries similar to those in the U. S.

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  1. 26 October, 11:46
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    The answer is below

    Explanation:

    The economy condition in United States of America and that of other industrialized countries are similar in many ways, amongst which are:

    1. High levels of human development: the economic condition of other industrialized countries and that of USA experienced High levels of human development, this is an economic condition that is measured through Human Development Index (HDI); measure of average achievement in key dimensions of human development of any country, these achievements include: a long and healthy life, highly knowledgeable and decent or good standard of living among citizens of country being measured.

    2. Subsidized Agriculture: Both economic condition of USA and other industrialized countries support subsidized agriculture policy at a very higher rate, which implies that, to a greater extent, much of the food and foodstuffs that are produced are effectively shielded from market forces.
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