Header Photo: Shrine in pool with Tree. (n.d.). Retrieved October 26, 2015, from http://www.johnharveyphoto.com/Japan3/Sakurajima/ShrineAndTreeInPoolHg.jpg
Japan's Economic System
What will be produced with your country's resources? The country’s resources that will be produced are electronic equipment, motor vehicles, fish, pork, beef, and dairy products.
How will these goods be produced? The goods will be produced in factories and as well as in other countries that manufactures with the production companies.
Who will use these goods? The goods will be used by the people in the country and as well other people outside of the country
Will these goods be exported? The good will be exported outside of the country.
The type of economic system in Japan is market economy which industrialized based. After World War II, the country developed to an advanced technologically. The main imports is about 60% of the food on a caloric basis. The economy was stable to see economic growth, but there were four recessions since 2008. The economy has been coming back to stable conditions since 2011 after earthquakes happened with government stimulus spending to help recover.
The poverty rates in Japan is approximately 16.1% in 2013, compared to US is 15.1% in 2010 and Zimbabwe is 72.3% in 2012.
The labor force is ranked 9th in the world, compared to United States is ranked 4th and China being ranked 1st.
The Agricultural land use is 12.4% in 2013 which dropped 0.1 % from 2012.
The GDP is $37,400 approximately in 2014
Japan. (n.d.). Retrieved October 24, 2015, from https://www.cia.gov/library/publications/the-world-factbook/geos/ja.html
How will these goods be produced? The goods will be produced in factories and as well as in other countries that manufactures with the production companies.
Who will use these goods? The goods will be used by the people in the country and as well other people outside of the country
Will these goods be exported? The good will be exported outside of the country.
The type of economic system in Japan is market economy which industrialized based. After World War II, the country developed to an advanced technologically. The main imports is about 60% of the food on a caloric basis. The economy was stable to see economic growth, but there were four recessions since 2008. The economy has been coming back to stable conditions since 2011 after earthquakes happened with government stimulus spending to help recover.
The poverty rates in Japan is approximately 16.1% in 2013, compared to US is 15.1% in 2010 and Zimbabwe is 72.3% in 2012.
The labor force is ranked 9th in the world, compared to United States is ranked 4th and China being ranked 1st.
The Agricultural land use is 12.4% in 2013 which dropped 0.1 % from 2012.
The GDP is $37,400 approximately in 2014
Japan. (n.d.). Retrieved October 24, 2015, from https://www.cia.gov/library/publications/the-world-factbook/geos/ja.html