ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Japan is a country with a mixed economy and is in a relatively advanced stage of economic development.

Detailed explanation-2: -Japan is a mixed economy since the government controls some of its production in the market. It is also run by private corporations and is quite competitive due to the trade tariffs and quotas that the government has put in place.

Detailed explanation-3: -Yet, despite California becoming the world’s 4th largest economy, too many Californians are left out of our state’s economic success.

Detailed explanation-4: -Countries like England, France, and India follow the mixed economic system where both, the state and private players, have control over the resources of distribution.