The North Korean economy is currently classified as:

Question

Quizplus · Accepted Answer

North Korea's economy is organized as a command socialist system, meaning that the government has total control over the economy and resources, and makes all major economic decisions. This includes allocating resources, setting wages and prices, and controlling all aspects of economic activity. There is little to no private enterprise in North Korea, and the government operates all major industries. While some markets do exist, they are heavily regulated and tend to operate on a black market basis.

The North Korean Economy Is Currently Classified As