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Looks like the economy is finally growing--and guess what's leading the way?

This story appears in the August 2004 issue of Entrepreneur. Subscribe »

The bean counters finally agree: We're knee-deep in magic beans already, and they're going to keep piling up. As the American economy surges forward, technology, as usual, is a catalyst for market expansion, new market creation and more efficient ways of doing business.

America's gross domestic product (GDP) is growing at a 4 to 5 percent annual rate, which doesn't sound like much after the spend-a-thon heading into Y2K. But GDP growth averaged 3.4 percent during the '80s and '90s, the longest-running economic boom in our history.

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