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2 years ago

Match the countries with the type of economy

Social Studies

2 answers:

disa [49]2 years ago

7 0

Command Economy - Japan North/South Korea

Mixed Economy - Taiwan China

Ksju [112]2 years ago

3 0

Answer:

<em>Mixed economy: </em>

<em>Japan - South Korea - Taiwan</em>

<em>Command economy:</em>

<em>North Korea - China</em>

<em />

Explanation:

In a command economy, the government is in complete control of the economy, it makes plans to define where it is headed, and fully regulates economic relations in the country, it is common in dictatorships (North Korea) or a kind of "semi-dictatorship" like China.

On the other hand, mixed economies are based on traditional economies, and combine these practices with new, market-focused economies, it is one of the most flexible systems, as it allows for policies both to regulate and benefit trade, it has different ways in which it can be applied in practice, some more focused on regulation other more focused on freetrade.

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