The court had declined new deal measures for the Great Depression.
Japan emerged as a developed country and world economic power in the following ways:
- Through the development of new industries
- Through the development of new technologies
- Through the expansion of exports
- Through the development of human resources.
<h3>What do you mean by economic power?</h3>
A country's, business', or individual's ability to raise their level of living is referred to as economic power. The economic power of a country increases their liberty to take decisions that benefit just them and decreases the power of any outside influence to limit their freedom.
hence, by adopting these strategies, Japan has emerged as a developed country and world economic power.
Learn more about the developed economies:
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<span>B. If marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.</span>
The stock market crash of 1929
