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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.
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South Korea's growth has resulted from an economic system described as?
State Capitalism
What are the main economic activities in North Korea?
agriculture
What countries in the world use socialism economic system?
Socialism is a part of the modern economic system. Europe, American, Canada are some examples. Extreme socialism, in a big country, is almost extinct. In Cuba there is some free market, but very limited. China is going in a capitalist direction, but in a very repressive government. North Korea is more a totalitarian system than a socialistic one. The closest thing that exist to a pure socialist system is some auto-sufficient towns. Where they consume what they produce and they divide everything between the town.
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.
Is Brazil a market or a command economy?
No. Brazil is placed in 150nd in Economic Freedom Index, it's one most closed, regulated and taxes economies of the world. Although Brazil is capitalist, it's a hardcore corporativist and keynesian capitalist model
What is the difference between North Korea and South Korea economies?
North Korea's economic system is restricted due to it's communist form of government. South Korea's economic performance has no restrictions.
How is north Korea's government different from south Korea's government?
South Korean system is similar to that of the US. North Korean system is similar to that of Hussein's Iraq.
Is both South Korea and North Korea are command economic country?
NO. Only North Korea is. South Korea is capitalist.
What type of economic system does South Korea have?
Capitalist
Economic system of South Korea?
market economy
What Korean country is similar to the US?
South Korea.
What country has a one party system?
North Korea
Which country follow capitalist economy system?
There are now almost no countries (except perhaps North Korea and Cuba) that do not basically employ a capitalist economic system. The system of government may be dictatorship or communist but the economic systems have all reverted to capitalistic principles.
What countries has an economic system in which the central government decides what how and for whom to produce?
North Korea
Is North Korea part of China?
No, North Korea is not part of China.North Korea and China is a different country.
Is North Korea an LDC or MDC?
North Korea is a Low Developed country and has been said to have major economic crisis.
South Korea's growth has resulted from an economic system described as?
State Capitalism
