East Asia is home to approximately C. 25% of world's population.
Currently world's population is around 7.7 billion of people. Asia accommodates around 60% of total world population; Africa around 17%; Europe 10% and the other 13% is in America Latina, Oceania and Northern America. The Eastern Asia population in 2019 is around 1,657,100,041.
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Pure capitalism can be seen in the US. Businesses are run using capital. Those with the capital have a better edge in running the market. Capital investments, shares, labor, and industries are capital based.<span> The economy gets interconnected with capital. Thus, this makes the US a good capitalist model. However, in this design i</span><span>mprovements and profits are not equalized but heavily competed.</span>
<span>On the other hand in socialism, industries are all nationalized or operated by the government. </span><span> </span><span>The concern of this economic system is to equally divide the wealth among the people.</span><span> </span><span> </span><span>Everything is centered on the government to control.</span>