Key factors that have greatly contributed to the rapid growth of
a Japan's economy (Japan is east asian country)
- High productivity is the main factor that caused an increase in
the economic growth of Japan.
- The education system leads to highly skilled labor. These
laborers contributed to the economy of the country by using their
expertise in their specialized fields.
- The high savings rate and investment rate of the country also
affected its economic growth positively.
- Proper use of natural resources and allocating the resources
properly helped the country to boost its economic growth and avoid
the problem of scarcity.
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