communism
capitalism
North Korea is a pure planned economy. Nothing goes through without the approval of a central authority, in this case, the Government. The closest thing you have nowadays to a pure market economy would be the USA. But the Government still sticks his hand out if some extra help is needed, so, definitely not pure.
g yudiosk
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
It’s called capitalism: class ownership, wages system, production for sale.
Its when you are in command to do something the gov. Tells you to.
capitalism
North Korea is a pure planned economy. Nothing goes through without the approval of a central authority, in this case, the Government. The closest thing you have nowadays to a pure market economy would be the USA. But the Government still sticks his hand out if some extra help is needed, so, definitely not pure.
yes, South Africa is a Pure market economy
g yudiosk
g yudiosk
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
Most Countries Have A Mixed Economy!!!:0 Oh Yeah We Ballin
It’s called capitalism: class ownership, wages system, production for sale.
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.
Venezuela is the Latin American country closest to a command economy. The government has significant control over the economy, including the nationalization of key industries like oil and the implementation of price controls on various goods. This has led to reduced private sector participation and heavy state intervention in economic activities. As a result, the economy has faced challenges such as shortages and inefficiencies.
North Korea, Vietnam, and portions of China are areas that come closest to having a purely command economic system. In a command economy, most economic decisions are made by the government rather than the free market.