South and East Asia Economic Systems

*WRITE ALL*

India

Type of Economy Mixed, mostly MarketChoices Consumers Have• *Can buy anything• *Business ownershipProblems with the Economy Today• *60% literacy rate (LOW)• *Extremely poor country• *PollutionSpecializations• Service, Technology (Industry)

China

Type of Economy Mixed, Only SLIGHTLY leaning

toward market *Citizens can own businesses *Open to trade with foreign

countriesProblems with the Economy Today *Pollution *Government has control over

people *Over populatedSpecializations• Consumer products, agriculture

North Korea

Type of Economy CommandChoices Consumers Have *NoneProblems with the Economy Today *Weak economy *Produces Uranium/Nuclear weapons *Low GDPSpecializations• Minerals, agriculture, natural

resources

Japan

Type of Economy Mixed, mostly MarketChoices Consumers Have *Own businesses *Buy anything they want *Lots of technologyProblems with the Economy Today *Rely on imported goods and foods *Competition from China and

South KoreaSpecializations• Technology