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Asia Economies

QuestionAnswer
type of economy that has business controlled by supply and demand, not restrained by government free-enterprise
type of economy of N. Korea where supply and prices are regulated by the government rather than market forces of supply and demand communist
economy that is centrally planned, government controls all means of production, and is based on cooperation rather that competition socialist
benefits of investing in China more future customers and cheaper wages to pay company employees
one-country, two-systems refers to this communism and capitalism (free-enterprise)
Employees in China work for _________ money. less
Japan has become known for _______________ products high-tech
a system for making and using money economy
Which of the Koreas offers more economic and social freedom to its citizens South Korea
Why do Americans buy products made in China? cheaper prices
Created by: Ms. Hagy
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