Most communist countries today are suffering from severe economic problems.
Level of Learning 1: Knowledge of key terms

Question

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Communist countries are often associated with command economies, in which the government controls the allocation of resources and sets prices. However, this approach can lead to inefficiencies and lack of innovation, which can contribute to economic problems. Some examples of communist countries experiencing economic difficulties include Cuba, North Korea, and Venezuela.

Most Communist Countries Today Are Suffering from Severe Economic Problems