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Brrunno [24]
3 years ago
8

What was a lasting effect of the Korean War?

History
2 answers:
Elodia [21]3 years ago
8 0
<span>The Korean War had both positive and negative effects. The Korean War was able to boost the economy of the Japanese government and revive their economy similarly to the way ours was during WWII. The Korean War, however, was very destructive to Korea. Both North and South Korea<span> had much causality</span></span>
krok68 [10]3 years ago
3 0
The division of korea to north and south korea.
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1. They must establish state-owned businesses.

2. They must establish a fair labour market.

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The economic system which is combination of traditional, command and market economies is called mixed economy. It suffers from few disadvantages while it has the benefits of all three economies. Protection of private property, allowing the market and law of demand and supply to determine the prices and Being driven by the self interest of individuals. U.S.A, U.K and India are some examples of Mixed economy as in these countries government and the private sector perform economic activities.

So, if a country wants to transition to mixed economy then it must establish state- owned businesses, establish a fair labour market and open trade with other countries.<em> Establishing state owned business and fair labour market is a characteristic of command economy while opening trade with other countries is feature or capitalist economy.</em>

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3 years ago
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