Question

In North Korea, all factories and businesses are owned by the government. What type of economy does North Korea have?

Answer 1

Answer:

c. command

Explanation:

North Korea has a command-type economy. This type of economy is also referred to as "socialism," "centrally planned economy," "state-run economy" or "communism.".

Answer 2

They have a command economy because the government regulates each aspect of the economy.