Asia's Economic Features

What economic system best describes North Korea?

India, South Korea, Japan, & China all have growing economies.

Any form of control over trade... stopping, taxing, or limiting the amount of goods that can be traded. These are called what?

Trade between countries is called what?

When countries invest in human & capital resources, this has no impact on their economy.

In what economic state do ALL countries exist?

What activity would be most widely found in a traditional economic system?

What is the factor of production that involves Japan's movement to modernize its country in technology & infrastructure after WWII?

What is the factor of production that involves the government in India supporting people in starting businesses by providing facilities & business loans?

Which country has few natural resources, yet it has one of the world's strongest economies?

Outsourcing is when American companies send work to India and China allowing the work to be done by workers that will work for less money.

When countries produce those goods for which they are best suited. This is called by what name?

Overall, India's capital resources are absent; this can be seen in its frequent power outages and terrible roads.

In what type of economic system do producers and consumers answer each of the economic questions?