Japan focuses heavily on private citizens innovating in their economy. They encourage individual citizens to come up with new ideas, take risks, and start the high tech businesses that drive their economy. Japan therefore benefits greatly from .....

TECHNOLOGY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Japan focuses heavily on private citizens innovating in their economy. They encourage individual citizens to come up with new ideas, take risks, and start the high tech businesses that drive their economy. Japan therefore benefits greatly from ____

A	embargos
B	diplomats
C	laborers
D	entrepreneurship

Explanation:

Detailed explanation-1: -Japan is one of the largest and most developed economies in the world. It has a well-educated, industrious workforce and its large, affluent population makes it one of the world’s biggest consumer markets.

Detailed explanation-2: -The economy of Japan is a highly developed social market economy, often referred to as an East Asian model. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). It is the world’s second-largest developed economy. Japan is a member of both the G7 and G20.

Detailed explanation-3: -One thing they are not known for is entrepreneurship. In fact, it might be more accurate to say the Japanese are known for exceedingly low levels of entrepreneurship. Inc.com reports that according to a list put out by Approved Index, Japan is ranked as the 4th least entrepreneurial country in the world.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY