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What is the definintion of what type of economy North Korea have?
Wiki User
∙ 11y ago
Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.
Wiki User
∙ 11y ago
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What type of economy best fits this description The basic economic questions are answered by a group of government planners.?
Command Economy. An example would be North Korea.
Which nation's economy could best be described as a command economy where the government determines guidelines for economic development and sets goals for economic production?
A planned economy is also known as a command economy, and it is designed by a central governmental authority. It is a type of socialist economy, and it currently exists in North Korea, Laos, and Cuba.
What type of economy did the south have?
Not alot of money because the north had all the factorys.
What countries are under command economies?
China, South Korea, Cuba, and Russia are countries that are under command economies. This type of economy is common in a communistic country.
Country whose government allows little or no private ownership of property and has strong control over the economy and society as a whole?
A type of government that allows little or no private ownership of property and that has strong control over the economy and society as a whole is called Communism. The hammer and sickle are universal symbols for Communism.
How is north Koreas economy now?
North Korea's economy is a joke. It has the type of government that wont last long .
What type of economy does South Korea have?
South Korea has an export economy.
How has communism affected North Korea?
Officially, the Democratic People's Republic of Korea (commonly known as "North Korea" and "Korea DPR") operates under a Juche socialist republic-type government, not a communism. However, in the eyes of the outside public, North Korea is a communist country and, in some extreme views, a Dictatorship.A Juche-style government relies heavily on the motto of "self-dependence". Because of this, North Korea is an extremely isolated nation, torn from the outside world. And, as a result, North Korea's economy reflects on this.
What type of government is over North Korea?
For all intents and purposes, North Korea is a totalitarian monarchy.
What is the citizen participation in North Korea?
North Korea has no Citizen Participation. If you looked this question up, your a moron. - Gilbert.
What type of society is North Korea?
Socialist.
What type of economy best fits this description The basic economic questions are answered by a group of government planners.?
Command Economy. An example would be North Korea.
What type of government is found in north korea?
Communist.
Which nation's economy could best be described as a command economy where the government determines guidelines for economic development and sets goals for economic production?
A planned economy is also known as a command economy, and it is designed by a central governmental authority. It is a type of socialist economy, and it currently exists in North Korea, Laos, and Cuba.
What type of people own farms in North Korea?
farmers
What is the Type of Government in North Korea?
North Korea is a one-party, socialist, and dictatorial state. The official political ideology of North Korea is called Juche, a combination of Marxist-Leninist principles and self-reliance/self-dependence.
What type of does North Korea have?
It is impossible to answer this question without more information.
