Economic Systems Essay Research Paper ECONOMIC SYSTEMS

Economic Systems Essay, Research Paper

ECONOMIC SYSTEMS ASSIGNMENT

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Canada:

The Government of Canada is a Federal Parliamentary Democracy and a member of the Common Wealth. The Prime Minister of Canada is the Honest Jean Chretien. The Deputy Prime Minister is Sheila Copps and the Governor General is Romeo LeBlanc. There are five major political parties in Canada they are ; the Progressive Conservatives, the Liberal Party, New Democratic Party, the Reform Party, and the Bloc Quebecois.

The GNP per capita ( 1991 ) was $ 19,934 ( in 1000000s ) . The one-year GNP growing was 3.4 % . The sum of GNP for defense mechanism was 2.2 % . The bulk of workers in Canada are in the Service field ( 73 % ) , Industry has 23 % of the workers, and Agriculture has the staying 4 % of the labour work force. Canada has an unemployment rate of 9.5 % and an rising prices rate of 2.3 % .

Canada? s top three natural resources are Nickel, Zinc and Copper. Canada? s top three agricultural merchandises include Wheat, Barley, and Corn. The three major Canadian industries are automobile fabrication, timber industry, and crude oil merchandises. Canada has a healthy trading market with major spouses such as the United States, Mexico, and Japan. The top three imported merchandises are vehicles, groceries, and carnal provender, while the three major exports include vehicles, crude oil merchandises and natural gas. Canada? s exports immensely outweigh their imports. The balance of trade is $ 9,823,000,000 ( more exports than imports ) .

Canada? s economic system is a market economic system based on free endeavor and the political orientation of capitalist economy. As a Canadian citizen you are free to purchase and sell as you please on the unfastened market, so long as you are within the jurisprudence. Since Canada is a democratic province we are guaranteed these rights and freedoms. Canada has a really efficient economic system. We have an unemployment rate of merely 9.5 % and a moderately little rising prices rate. Canada has been rated as one of the best states in the universe? Coincidence?

Niger:

The Government in Niger is a democracy in which there is a President and a Prime Minister. The President of the Republic of Niger is Mahamane Ousmane. The Prime Minister is Hama Amadou. There are five major political parties. They are ; The National Movement for the Developing Society, The Democratic and Social Convention, Nigerian Party for Democracy and Socialism, The Nigerian Alliance for Democracy and Progress, and The Union of Progressive Patriots and Democrats.

Niger has a Gross National Product per capita of $ 550 ( in 1000000s ) . There is an one-year GNP growing of 1.4 % , 0.1 % more so the allotted financess for defense mechanism. The bulk of the labour force plants in agribusiness ( 45 % ) , the service field represents 39 % of the workers, and the staying 16 % are employed in the industrial field, which is worsening at a rate of 2.7 % per twelvemonth.

Niger relies on its three top natural resources, which are ; Uranium, Coal, and Iron/Ore. The three chief agricultural merchandises are ; Millet, Sorgum, and Pulses. Niger? s? major? industries are based in the Fieldss of Cement, Beverages, and Beer. Niger is a state in which there are many more imports than exports. The three chief imports are ; groceries, cereal, and sugar, while the three major exports are ; Uranium, Foodstuffs, and Livestock. Niger is one of the universe? s poorest states. Their economic system is centered on subsistence agriculture. Uranium, their major export through the 1970? s and 1980? s, gross has dropped by 50 % between 1983 and 1990 ( terminal of cold war ) . Niger? s balance of trade is

$ -58,000,000 and they carry a debt of $ 1.2 billion. One U.S. dollar is equal to $ 529 of their currency the Communaute Financiere Africane Francs.

Niger has a traditional economic system similar to many other 3rd World Nations. Recent surveies would propose that 4/5 of their major exports relate to livestock and agribusiness ( fells and teguments, veggies ) . Their economic system is really inefficient because of the fact that they import more than they export, although that is no

T ever negative, a 3rd universe state which remains in debt will ne’er thrive.

Japan:

Japan is a Constitutional Monarchy with a figure caput of Emperor Akihito ( boy of Hirohito ) . Japan? s Prime Minister goes by the name of Tomiichi Murayame. There are three major political parties within Japan. These parties include the Liberal Democratic Party, the Japan Socialist Party, and the Democratic Socialist Party.

The GNP per capita for Japan is $ 25,469 ( in 1000000s ) , while holding an one-year GNP growing of 4 % . Japan? s spends a limited sum on defense mechanism bing merely 1 % of their GNP. Japan is a state which provides many services to its people. Sixty per centum of the labour force is dedicated to functioning the people. An extra 35 % of Japan? s workers are involved in the Industrial market, the staying 5 % are employed in Agriculture. Japan is an island in which degree land is a scarceness and as a consequence, so is agribusiness.

Japan is a state with limited Natural Resources. Japan imports natural stuffs and so transforms them into finished merchandises which it so exports around the universe. Japan? s merely natural resources are Fish and Limestone. The three chief Agricultural merchandises grown are rice, murphies, and sugar Beta vulgariss. Japan? s major industries include Iron/Steel, Cement, and Paper. Since fish is a major portion of the Nipponese diet it is besides one of their largest imports along with groceries, and machinery. The three top Nipponese exports include vehicles, office equipment ( computing machines, photocopiers, etc. ) , and Scientific Equipment. Japan has a singular balance of trade even though their imports outweigh their exports. Their balance of trade is $ 63,580,000,000.

Japan is a market economic system, much like Canada and the United States. Fifty old ages ago Japan was virtually unseeable on the economic scene due to Japan? s death in WWII. Japan has overcome its hardships and risen from the ashes to go an economic world power in the 90? s. Nipponese citizens have the chance to do big net incomes through difficult work in their coveted Fieldss. Japan has one of the most effectual and efficient economic systems in the universe. Unemployment is at a lower limit and laborers are good taken attention of by the corporations which promise lifetime employment ( a happy worker is a productive worker ) .

China:

The People? s Republic of China is based on the Communist system of Government initiated by Mao Tse-tung in the old decennaries. The current President of China is Yang Shangkun. The Premier of China is Li Peng and the Central Military Commander Chairman is Jiong Zemin. There are merely two cardinal political parties which reside in China. They are the Chinese Communist Party, and the China Democratic League.

The GNP per capita in China is $ 460 ( in 1000000s ) . Their Gross national product is turning at a rate of 10.5 % per annum. China spends a just sum of its GNP on defense mechanism ( 3.9 % ) . The majority of the Chinese labour force is involved in Industry ( 53 % ) . Thirty-four per centum work in Agriculture and the staying 13 % are involved in services for the people. China? s three major natural resources consist of Coal, Iron/Ore, and Petroleum. Chinese agribusiness is based mostly on their ain diet of rice, wheat and maize. The major Chinese industries are Iron/Steel, Cement and Fertilizers.

China exports well more than they of import, their balance of trade is $ 9,165,000,000. Their top exports include fabrics, metal merchandises, and gum elastic merchandises, while importing machinery, vehicles, and fabrics.

The economic system in China is a Command economic system in which a cardinal authorization owns Natural and Capital resources. The authorities decides what to bring forth, how to bring forth it and whom to bring forth it for. As a consequence enterprise and morale is low among the people as there is no inducement for difficult work. Lack of freedom for the people consequences in goods being produced inefficiently. The thought of a few work forces be aftering an economic system is really complex and could non perchance carry through the Production Possibility Curve ( PPC ) .

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