Factors+driving+china's+market

Title: **Japanese business chances in Asia disappear after disaster**
Source: asahi.com - http://www.asahi.com/english/TKY201104220231.html Apr 19th, 2011

Brief Summary: This article talks about how Japan economy suffers due to the devastating earthquake that happened not while ago. The earthquake as well as the nuclear crisis is said to disrupt the growth of both tourism and fish industry in Japan. The potential output of tourism and fish industry, as shown on graph 1 with the PPC graph, shifts inside from P1 to P2, as there is a fall in the quantity of factors of production caused by the earthquake and the nuclear crisis.

Vocabulary: **Economic growth:** An increase in an economy's real level of output over time (Quantitive) **Production Possibility Curve:** Used by economists to show the concepts of scarcity, choice and opportunity cost, among other things; Shows the maximum combinations of goods and services that can be produced by an economy in a given time period, if all the resources in the economy are being used fully and efficiently and the state of technology is fixed.  **Potential Output:** the highest level of real gross domestic product output that can be sustained over the long term  **Quantity:** the total amount of goods or services  **Factors of production:** There are 4 resource that allow an economy to produce its output, including land, labour, capital and management.  **GDP:** Gross Domestic Product- The total value of all final goods and services produced in an economy in a year  **Revenue:** the income a company receives from its normal business activities, usually from the sale of goods and services to customer.

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