North Korea has a dictator who makes all economic decisions for planning, production, and prices. What type of economic system does it have? a. Market b. Mixed c. Command d. Tradit... North Korea has a dictator who makes all economic decisions for planning, production, and prices. What type of economic system does it have? a. Market b. Mixed c. Command d. Traditional
Understand the Problem
The question is asking to identify the type of economic system in North Korea based on the description provided, which indicates centralized control over economic decisions.
Answer
Command
The final answer is Command
Answer for screen readers
The final answer is Command
More Information
In a command economy like North Korea's, the government controls all aspects of economic activity including setting prices and production levels.
Sources
- How the North Korean Economy Works - Investopedia - investopedia.com
- The web page with info on - Example Source - homework.study.com
- North Korea - Economy, Resources, Trade | Britannica - britannica.com
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