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Who makes the majority of the economic decisions in North Korea and economy?
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What is the definintion of what type of economy North Korea have?
Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.
Who makes economic decisions in North Korea?
The queen bee makes the decisions. You see, you just wasted 5 seconds of your time reading this. LOL
What country has a similar economic system as North Korea?
There is no country in the world that has the kind of autarkic, state-run economy and shadow economy as North Korea, but the "country" that would come the closest would be Hamas-controlled Gaza.
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 is the best example of command economy?
North Korea, Iran and Cuba
Economic system of South Korea?
market economy
What is the definintion of what type of economy North Korea have?
Communism: a system where everything is owned publicly and can be modified by anyone. All major economic decisions though are made by the government.
Which countries have come the closest to having purely command economic systems?
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.
What is the economic system North Korea?
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Which two countries come the closest to having a purely command economic system?
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.
Who makes economic decisions in North Korea?
The queen bee makes the decisions. You see, you just wasted 5 seconds of your time reading this. LOL
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.
What country has a similar economic system as North Korea?
There is no country in the world that has the kind of autarkic, state-run economy and shadow economy as North Korea, but the "country" that would come the closest would be Hamas-controlled Gaza.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
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.
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.
