China’s market potential indicator is the best compared to that of the countries in Asia. The current account for china has about $3306028 73.459. The country is always associated with high economic growth rate due to the fact that, its speculated account favors it in competition with the other countries hence becoming the best performer in the field of economy compared to the countries in Asia. In Europe, Switzerland is ranked on the top on the basis of market potential indicator. Japan has a very strong economy compared to some other developed countries such and France and United States. Brazil’s market potential indicator is the best when compared to the countries in South America. Currently, Brazil has an account balance of 58882206538 US dollars which is more than Switzerland’s current balance in their account (16.48 US dollars). Brazil’s market system is free and is always controlled by an updated market economy. China’s economic system is market based due to the fact that, it is controlled by a communist government that influences all the aspects of the country’s economic systems. Brazil is the best country in the word considering the Market Potential Indicator because it has a free system of price controlled by the economic market and it is has a federal government.
It is clear from the above description that, each country’s economic success is determined by its political system. China has a high rate of economic growth due to the fact that, its communist government runs all the country’s economic affairs closely. This government gives enough support to the various companies of the country enabling them to achieve success at a faster rate. Some forms of government such as the federal system limit government’s power in some economic activities. Switzerland has achieved relatively higher success due to the benefits its gains from the European Union. All the three countries are benefit from the agreements on free trade. This helps them to trade internationally at a cheaper cost.
Politics And Economy: Example Critical Thinking By An Expert Writer To Follow
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WowEssays. (2023, May, 29) Politics And Economy: Example Critical Thinking By An Expert Writer To Follow. Retrieved November 24, 2024, from https://www.wowessays.com/free-samples/politics-and-economy-example-critical-thinking-by-an-expert-writer-to-follow/
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Politics And Economy: Example Critical Thinking By An Expert Writer To Follow. Free Essay Examples - WowEssays.com. https://www.wowessays.com/free-samples/politics-and-economy-example-critical-thinking-by-an-expert-writer-to-follow/. Published May 29, 2023. Accessed November 24, 2024.
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