ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Japan
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North Korea
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South Korea
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China
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Detailed explanation-1: -As a result, China has the world’s fastest-growing major economy, with growth rates averaging 10% over 30 years. Currently, many scholars consider the Chinese economic model as an example of authoritarian capitalism, state capitalism or party-state capitalism.
Detailed explanation-2: -India remains the fastest-growing economy in the world with the current estimates surpassing growth in emerging and developing Asia as well as projections on China’s economy.
Detailed explanation-3: -Economists generally attribute much of China’s rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. These two factors appear to have gone together hand in hand.
Detailed explanation-4: -#1 Singapore. Read More About SingaporeSingapore’s economic freedom score is 83.9, making its economy the world’s freest in the 2023 Index. Its score is about the same as last year.