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

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asked Apr 7, 2019 69.6k views

2 Answers

Neimsz · Answer 1 · 2019-04-08T20:44:15+0000

North Korea has a economy which is tightly controlled, saying that not even a single person can own a business.
In other words, it’s a communist kind of a economy.

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

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