Strengths of the Japanese Economy

Many reasons give the economy of Japan an advantage to their foreign competitors. First is how to Japanese perform quality control. Next is the adaptation of a Toyota Motor Company process that keeps only enough supplies to manufacture for a limit amount of time, while the rest are kept in reserve. Thirdly is the cooperationContinue reading “Strengths of the Japanese Economy”

China’s Socialist Market Economy

In current Chinese market, the socialist market economy refers to the practices of the government to maintain the market while still incorporating aspects of a socialist government. In this market, the use of both socialism and capitalism are incorporated, but not to the extent of a capitalistic ownership of the market. Resources are allocated andContinue reading “China’s Socialist Market Economy”