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market economy
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∙ 15y ago
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What type of economic system does South Korea have?
Capitalist
What is the difference between North Korea and South Korea economies?
North Korea's economic system is restricted due to it's communist form of government. South Korea's economic performance has no restrictions.
South Korea's growth has resulted from an economic system described as?
State Capitalism
Is both South Korea and North Korea are command economic country?
NO. Only North Korea is. South Korea is capitalist.
Does South Korea have a railway system?
Yes, in fact South Korea does have a railway system.
What is the economic status of South Korea?
high
What are the differences in social culture and economic structure of south Korea and north Korea?
nothing
What economic system does South Korea has?
Free enterprise. They tried to copy what the Americans had, because they were saved by us so they could be democratic.
How is north Korea's government different from south Korea's government?
South Korean system is similar to that of the US. North Korean system is similar to that of Hussein's Iraq.
What is the Monetary System in South Korea?
South Korea's monetary system is comprised on the Korean won. A single won is divided into 100 jeon, the monetary sub-unit of South Korea.
Why South Korea has market system?
South Korea has amarket system to make money. They make large amounts of money from exports.
Why is South Korea's people poor and hungry?
what are you talking about? I think you're confusing north Korea with south Korea. north Korean people are poor and hungry. south Korea is one of top 5% economic superpowers in the world.
