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The Economies of Japan, South Korea, North Korea, China, and India. What type of economic system is used in Japan, South Korea, North Korea, China, and India? What are the major imports/exports or Japan, South Korea, North Korea, China, and India?

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The economies of japan south korea north korea china and india

The Economies of Japan, South Korea, North Korea, China, and India

What type of economic system is used in Japan, South Korea, North Korea, China, and India?

What are the major imports/exports or Japan, South Korea, North Korea, China, and India?

Who has the highest/lowest standard of living amongst Japan, South Korea, North Korea, China, and India?


Japan
Japan India

Japan uses a mixed economic system.

More private than government control of economy.


Japan1
Japan India

Japan’s main economic activities include the production of automobiles, heavy machinery, chemicals, electronics, and steel.


Japan2
Japan India

Major Imports include steel, plastic, food products, and fossil fuels.

Major Exports include automobiles, tele-communications, and electronics.


Japan3
Japan India

GDP: $5.4 trillion

GDP per capita: $42,500

Literacy Rate: 99%

Life Expectancy: 82.3 years

World Economic Rank: 3rd


South korea
South Korea India

South Korea has a mixed economy.

More private than government control of economy.


South korea1
South Korea India

South Korea’s main economic activities include the production of electronics, automobiles, and chemicals as well as shipbuilding and textiles.


South korea2
South Korea India

Main imports include machinery, fossil fuels, steel, chemicals, and plastics.

Main exports include automobiles, electronics, computers, steel, and ships.


South korea3
South Korea India

GDP: $1.5 trillion

GDP per capita: $30,200

Literacy Rate: 98%

Life Expectancy: 79.05 years

World Economic Rank: 15th


North korea
North Korea India

North Korea uses a command economic system.

Total government control of economy.


North korea1
North Korea India

North Korea’s main economic activities include mining and the production of weapons.


North korea2
North Korea India

Main imports include oil, coal, machinery, textiles, and grains.

Main exports include minerals,weapons, and fishery products.


North korea3
North Korea India

GDP: $26.2 billion

GDP per capita: $1,900

Literacy Rate: 99%

Life Expectancy: 68.9 years

World Economic Rank: Unranked


China
China India

China uses a mixed economic system.

More government than private control of economy.


China1
China India

China’s main economic activities include mining and ore processing as well as the production of machinery, toys, textiles, fertilizers, chemicals, and weapons


China2
China India

Main imports include electronics, fossil fuels, medical equipment, metals, and plastics.

Main exports include electronics, textiles, steel, and medical equipment.


China3
China India

GDP: $10.08 trillion

GDP per capita: $7,518

Literacy Rate: 91.6%

Life Expectancy: 74.7 years

World Economic Rank: 2nd


India
India India

India uses a mixed economic system.

More private than government control of economy.


India1
India India

India’s main economic activities include telecommunications, information technology, and the production of textiles, chemicals, and transportation equipment.


India2
India India

Main imports include oil, precious stones, machinery, and steel.

Main exports include petroleum products, jewelry, fertilizer, chemicals, and steel.


India3
India India

GDP: $4 trillion

GDP per capita: $3,290

Literacy Rate: 61%

Life Expectancy: 66.8 years

World Economic Rank: 11th


Review Questions India1. Which country’s economy is totally controlled by the government? 2. Which country has a mixed system with more government control than private control of the economy? 3. Which country has the highest standard of living? The lowest?


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