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The United States is the third largest country in the world in terms of size and population. It borders the North Atlantic and North Pacific Oceans and shares land and borders with Canada and Mexico. The term “United States” includes the non-contiguous states of Alaska, Hawaii, Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands, Guam and American Samoa.

The United States is a federalist system. Federalism is a system of government in which power is divided between a national (federal) government and various state governments. In the United States, the U.S. Constitution gives certain powers to the federal government, other powers to the state governments, and yet other powers to both.

States have their own legislative branch, executive branch, and judicial branch. The states are empowered to pass, enforce, and interpret laws, as long as they do not violate the Constitution.

The federal government determines foreign policy, with exclusive power to make treaties, declare war, and control imports and exports. The federal government has the sole authority to print money. Most governmental responsibilities, however, are shared by state and federal governments and these include taxation, business regulation, environmental protection, and civil rights.

Business Activity
It goes without saying that businesses who invest in the United States will benefit from its many competitive advantages. The U.S. has one of the most open markets in the world, and the largest consumer market with a GDP of $20 trillion and 325 million people. It is consistently ranked among one of the best places to do business internationally for its overall competitiveness and ease of doing business.