Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Discuss In Detail Four Features Of The Traditional And Continuing Features Of The Japanese Economy.
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Step 1
An economy is the system by which a country, region, or other political entity produces, distributes, and consumes goods and services. It encompasses the production and trade of goods and the services, the distribution of income and wealth, and the mechanisms that determine the prices of goods and services.
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