Which economy has major industries and businesses that are run by the government?

History

2 answers:

Vlad1618 [11]3 years ago

4 0

Answer:

Explanation:

Nonamiya [84]3 years ago

3 0

Answer:

Command Economy

Explanation:

In a command economy, the government controls the production and makes most decisions. North Korea is an example of a command economy. It regulates property, prices of products, wages, and just about everything you can think of relating to running a business. The government determines what should be produced and who gets the profits. Just about all major industries and factories are run by North Korea. China was once a strict command economy, but, in recent years, it has allowed entrepreneurs and businesses to flourish.

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