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The only real similarity is that the government takes a strong interest in controlling and co-opting industry. While both countries self-define as Communist States, most of the Chinese economy is actually capitalist, with stocks, private ownership, and large-scale privatization. North Korea, by contrast, has much more state ownership.
What else can I help you with?
What pairs of countries have come the closest to having purely command economic systems?
China and North Korea come the closest to having purely command economic systems.
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.
What countries have a controlled economy?
If you are talking about countries, then there are lots of countries that have a controlled economic system, such as Venezuela, China, and Russia. Some economies have more government control than other and none are completely government controlled, except N. Korea perhaps.
Which economies are at opposite ends of the range of economic systems?
At one end of the economic systems spectrum is a command economy, exemplified by North Korea, where the government centrally plans and controls all economic activities. At the opposite end is a free-market economy, such as the United States, where individual choice and market forces primarily drive production and distribution of goods and services. These contrasting systems highlight the roles of government intervention versus market autonomy in shaping economic outcomes.
What countries have the strongest economies?
In no particular order: The USA, European union, China, South Korea, Singapore, Taiwan and Japan all have very big and powerful economies. Economies are constantly changing...However the current strongest economic countries are the U.S, Japan, Germany, India,China, Russia,France, U.K.,Italy,Spain and Australia.South Korea is among them.
What pairs of countries have come the closest to having purely command economic systems?
China and North Korea come the closest to having purely command economic systems.
What countries have socialist economic systems?
Cuba, China, France, India, Korea, Portugal, Laos..
What pairs of countries have come closest to having purely command economic systems?
China and North Korea come the closest to having purely command economic systems.
Pairs of countries have come the closest to having purely command economic systems?
China and North Korea come the closest to having purely command economic systems.
How are china north Korea and Vietnam similar in their economic systems?
China, North Korea, and Vietnam share similarities in their economic systems through their historical roots in Marxist-Leninist ideology, which emphasizes state control over key industries. All three nations have adopted varying degrees of economic reform and openness, with China and Vietnam embracing market-oriented policies while North Korea remains largely isolated. Additionally, they all maintain a significant role for the state in planning and directing economic activity, though the level of market integration differs widely among the three.
What countries have come closest to having purely command economic systems?
China in the 1950s and North Korea today.
Is South Korea similar to the US or china?
no
Is china helping North Korea?
YES. China provides economic AID and diplomatic protection for North Korea. It is North Korea's primary backer.
Korea was similar to china in that it?
Discouraged contact with outsiders.
Why Korea was similar to china in that it?
Korea was a country settled and founded by Chinese from start. As a part of China, many Korean culture and language are from mainland China and people are not so different than Chinese genetically.
If North Korea started a war with South Korea what actions would the USA Japan and China take?
Probably if North Korea started a war, USA would go on and help South Korea for they are more friendly and because of similar government. China would help North Korea because of their similar government too. Japan would help South Korea because they are more of a close friend. Not because of a similar government. ---- if North Korea started a war, it would be my guess that USA, Japan, and China will help South Korea because North Korea is trying to send nuclear bombs to USA and other places.
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.
