What is a common factor of the economic systems of India and Japan? Question 14 options: a) India and Japan rely on each other and their industries b) India and Japan are both command economies c) India and Japan do not rely on each other and their industries d) India and Japan are both mixed economies

Option D

Explanation:

The common economic factor of India and Japan is that both nations operate mixed economies, whom economic system combined private and public enterprise (a signature of a traditional and modern economy). India and Japan are both located in Asia and their economy are run by both the government which laid down policy and private organization which control much of the nation productivity.

India and Japan are both mixed economies (D)

Explanation:

The common factor in the economic systems of India and Japan is the fact that they are both mixed economies. A mixed economy is a type of economic made up of public and private sectors, the public sector of the economy is established and controlled by the government. industries fond in the public sector are industries that are very vital to the Government and they include industries like : defense industries. while the private sector industries are established and controlled y capitalist with little supervision form Government.

Japan and India both operate this kind of economic systems.