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Is North Korea a command economy or a free economy?
North Korea has a command economy.
Why does North Korea have a mixed economy?
North Korea does not have a mixed economy. It has a command economy or centrally planned economy because the government controls everything in north Korea.
What type of economy does South Korea have?
South Korea has an export economy.
Is South Korea a capitalist?
The economy of South Korea is a capitalist that exists in a mixed economy. The economy system of South Korea, combines both the public and private companies.
What is South Korea's economy based on?
strategy is a comprehensive overhaul of South Korea's economy,
What is the economy in South Korea?
average or command economy.
How would you categorize north Korea and south Korea's economic system?
· North Korea is a planned and isolated economy also they have a lack of arable land. But on the other hand South Korea they have an high-tech modern world economy South Korea joined the trillion dollar club of world economy.
Who controls North Korea’s economy and owns and runs all factories and farms?
Who controls the economy in North Korea? The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increasing. As of 2021, North Korea continues its basic adherence to a centralized command economy.
Does North Korea have an Command Economy?
North Korea has a command economy.that they developingsee link below
Was North Korea communism or capitalism during the Cold War?
The economy of South Korea is a capitalist that exists in a mixed economy. The economy system of South Korea, combines both the public and private companies.
What countries have planned economy?
korea
What is the economy of North Korea would best be classified as...?
A command economy.
