The economy of North Korea most closely approximates:
A)pure capitalism
B)a command economy
C)market socialism
D)authoritarian capitalism

Question

Quizplus · Accepted Answer

North Korea has a command economy where the central government sets production goals and controls all aspects of the economy, including the distribution of resources and the prices of goods and services. Private enterprise is strictly limited, and the government owns and operates major industries.

The Economy of North Korea Most Closely Approximates