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How did the changes already underway in the Tokugawa era provide a foundation for Japan's industrialization in the late nineteenth century?
Third-Party Insurance
Insurance coverage purchased by the insured from an insurer for protection against claims by another party, typically used in liability insurance.
Imperfect Information
A situation in a market where all parties do not have equal access to relevant information, leading to inefficiencies in decision-making.
Industrially Advanced Nations
Countries that are highly developed in terms of industrial capacity, technology, and infrastructure.
Health Care Demanded
Health care demanded is the quantity of health care services individuals are willing and able to consume at various prices, often influenced by factors like income, price of services, and individual health status.
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