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”
Tag Archives: 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”
Not Great With Words 