What type of Economic System does North Korea have?

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04-02-2021
Geography

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What type of Economic System does North Korea have?

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sbartn2002 sbartn2002 · Answer 1 · 2021-02-04T17:08:21-05:00

sbartn2002 sbartn2002

04-02-2021

The economy of North Korea is a centrally planned economy, where the role of market allocation schemes is limited, although increasing. As of 2020, North Korea continues its basic adherence to a centralized command economy :)

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