Compare the economic systems in Japan, China and India

All three
countries could be accurately described as "mixed economies", but that's kind of a
cop-out because it applies to almost everyone. Even countries with extreme levels of
privatization (such as the US) still have a strong government; even countries with extreme
levels of nationalization (such as Cuba) usually still have private businesses. There are some
very important differences between China, India, and Japan.

All three of
these Asian countries have very large populations and very large economies.


Japan has the smallest population, but still by no means small: China has a
population of 1.375 billion, India a population of 1.272 billion, and Japan a population of 127
million.

India has the smallest GDP, but again still quite large: The nominal
GDP of China is $13.95 trillion, the nominal GDP of Japan is $4.21 trillion and the nominal GDP
of India is $2.40 trillion.

The first thing you should be able to see from
this comparison is that in per-capita terms, Japan is by far the...

href="https://www.economywatch.com/world_economy/japan/structure-of-economy.html">https://www.economywatch.com/world_economy/japan/structur...
href="https://www.heritage.org/index/country/india">https://www.heritage.org/index/country/india