Question

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

A. traditional
B. democratic republic
C. command
D. market

Answer 1

c. command

Step-by-step 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.