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What is the economy of North Korea would best be classified as...?
Wiki User
∙ 11y ago
A command economy.
Wiki User
∙ 11y ago
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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 type of economy best fits this description The basic economic questions are answered by a group of government planners.?
Command Economy. An example would be North Korea.
How much aid does UK give to Korea?
There is no such country as "Korea".There are North Korea and South Korea.North Korea -Recently due to the flooding in North Korea (in 2012), the UK sent emergency food and medical supplies to those caught in the flooding.North Korea is actually hostile to the UK and is one of the UK's most dangerous enemies. The UK would have preferred to not aid North Korea at all, but it has not choice because, as a member of NATO, the UK pledges to support disaster victims globally.South Korea -South Korea are one of the UK's closest allies. The UK aids the South Koreans by trading weapons, ammunition and military vehicles to so South Korea can defend themselves against the hostile North Korea.South Korea and the UK also exchange intelligence on North Korea for the security of both their countries.
The economies of North and South Korea are complementary and both states would have much to gain by reunification?
True
What are some examples of nations who use command economy market economy and traditional economy?
Examples of countries that use a command economy are the following: China Cuba Examples of countries that use a market economy are the following: United States Canada Assuming you mean a socialized economy by way of traditional economy, below are examples of some countries that use a socialized economy Italy France Please keep in mind that no country is an absolutely pure version of each type of economy. You could say the United States, for example, shows elements of a socialized economy with its employment of social security and medicaid. You could also say that Cuba, shows elements of a market economy. Even, North Korea, which would be considered one of the most extreme examples of a command economy still has "free enterprise zones" and has condoned (or at least not quickly repressed) a healthy black market for goods and services...the black market being its own market economy.
How would you categorize north Korea and south Korea's economic system?
· North Korea is a planned and isolated economy also they have a lack of arable land. But on the other hand South Korea they have an high-tech modern world economy South Korea joined the trillion dollar club of world economy.
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 would be some challenges if North and South Korea successfully reunified?
One major challenge pertaining to the reunification of North and South Korea would be the mass unemployment and poverty of those in the North. That would impact the economy of South Korea in a major way.
Communist countries in Asia?
There are no Socialist countries in Asia, nor could there be. Socialism is a classless stateless society based on production for use, and would have to exist on a global scale, with no countries or borders.
What are north Koreas major cities?
Seoul is not a major city in North Korea, it is in South Korea. An important major city in North Korea would be Pyongyang.
How might the history of Korea have been different if United Nations forces had not stepped in to oppose the North Korean invasion of 1950?
If the United Nations had not stepped in, chances are South Korea would not exist. Korea would be one, united country, which would most likely be run by the current dictator of North Korea.
Why would north and south Korea be in danger of conflict with each other?
NORTH Korea invaded SOUTH Korea
What if the North Korea and South Korea go into war?
China would assist North Korea in tbe war
Who would win in a war North Korea or south Korea?
Most likely North.
Which direction would an Allied tank travel to go from North Korea into Communist China?
An Allied tank would travel north to go from North Korea into Communist China.
What type of economy best fits this description The basic economic questions are answered by a group of government planners.?
Command Economy. An example would be North Korea.
How did North Korea become a country in 1871?
North Korea became a country in 1948. 1871 would be during Korea's Joseon Dynasty.
