Day 14 Academic Vocabulary East and Southeast Asia

Japan has a _______________ (limited government involvement).

Average bottle of _____ = $1.80 in the U.S. ----> $0.55 in most East and Southeast Asian countries.

Cheap labor -----> main industry = ___________

Level of Economic Development varies: Japan = Level 1, China = ________ and Cambodia & Myanmar = Level 3.

North Korea is a _______________ ---the government controls prices and production.

China believes __________________ ---> businesses can be privately owned (entrepeneurs) BUT the government has some control on prices and limits the number of items sold.

Communist _____ and Vietnam are moving away from command economies -----> adopting free enterprise.