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5 votes
Which characteristic BEST describes South Korea's economy?

A. Traditional


B. Command-leaning


C. Market-leaning


D. Pure Market

2 Answers

5 votes
C. Market-leaning. South Korea's economy is market-leaning, with the government playing a significant role in supporting and promoting certain industries through policies and incentives. However, market forces largely determine prices, wages, and production levels in the country. South Korea has a highly developed industrial sector, with a focus on electronics, automobiles, and shipbuilding. The country is also a significant exporter of goods and services, contributing to its economic growth and development.
User Isidor Nikolic
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4 votes
I think it’s none of the above. In my opinion it should be highly developed mixed economy.
User Hoodaticus
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