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What is a common factor of the economic systems of India and Japan?

a) India and Japan do not rely on each other and their industries
Ob) India and Japan rely on each other and their industries
O c) India and Japan are both mixed economies
(
d) India and Japan are both command economice

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User Ntf
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1 Answer

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Answer:

c) India and Japan are both mixed economies

Step-by-step explanation:

Mixed economy is the type of economy which involves private individuals and the government having economic control.

Mixed economy is practiced by most of the top nations of the world because it allows for private participation in production. This brings about a ripple effect in making sure there is healthy competition that can result in profit. It also helps in contributing to public ownership in manufacturing which helps in addressing social welfare needs of the people.

India, Japan, USA, France all practice mixed economy system.

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User Protector One
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