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Q: What economy does North Korea have?
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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.


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.


Is North Korea Parliamentary or Presidential?

Neither. North Korea is a Command economy.


Does North Korea have an Command Economy?

North Korea has a command economy.that they developingsee link below


Does North Korea have a weak economy?

Absolutley there barely is even an economy North Korea mostly focus all their money to the military


What is the economy of North Korea would best be classified as...?

A command economy.


How do the economies of China and North Korea compare to South Korea and Japan's?

China and North Korea have poorer economy compare to South Korea and Japan.


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.


Is south Korea have famine and poor economy?

No. You're thinking of North Korea


How do the governments of north and south Korea affect their economies?

The government of North Korea is mostly closed to the outside world. This makes for a pretty stagnant economy. The government of South Korea is more open, and has a more vibrant economy.


Where is command economy used?

A place that uses a command economy is North Korea.