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ivolga24 [154]
2 years ago
13

Why does Washington feel that taxes are important?

History
1 answer:
madreJ [45]2 years ago
4 0
Taxes are importan everywhere based on the fact that they pay for the roads and other stuff. But Washington could feel it’s more important bc they are a decent state with lots of historical artifacts.
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Explanation:

East Asia is an area usually considered to include China, Japan, North Korea and South Korea. Let's start with Japan. The economy of Japan is a free-market, capitalist economy, similar to most Western countries. It's the third-largest economy in the world, with particularly strong car and electronics manufacturing industries. Like many developed economies, most of its gross domestic product (GDP) comes from the service sector (73%), with most of the rest being a combination of industry (26%) and agriculture (1%). Japan has little in the way of mining or other primary industry.

<u>The Economy of China</u>

The economy of China is known as a socialist market economy, which involves a dominant state-owned sector, operating in an open-market economy. Despite criticisms of socialist economies in the West, China currently has the world's largest or second largest economy, depending on what measure you use. It's also the fastest-growing economy in the world.

Unlike many Western economies, less than half their GDP is based in the service sector. Services account for 48% of GDP, followed by industry at 43% and agriculture at 9% as of 2014. Much of the 43% for industry is manufacturing - China is the biggest manufacturing economy in the world. China is also part of the WTO, APEC and the G-20.

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