Okay, I'm doing a geography project on North Korea and I need to know the type of economy they have. Please please help ! I don't know where to find it.
The choices are; Traditional Economy , Directed Economy, Market Economy , or Mixed Economy i think.
PLEASE ANSWER !
2007-02-25 13:00:54 · 4 answers · asked by Kelsey's Mommy<3 4 in Social Science ➔ Economics
Probably directed economy if those are the choices you have.
I would have said it was more like a totalitarian or closed economy.
2007-02-25 13:16:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Directed Economy
2007-02-25 21:49:38 · answer #2 · answered by Herc 3 · 0⤊ 0⤋
Of the options you listed it would be a "Directed Economy" or command economy where all means of production and consumption are controlled by a central authority or the government. Common of a Communist Political system
2007-02-25 22:03:43 · answer #3 · answered by Craig F 3 · 0⤊ 0⤋
Economy is the study of choices. These people have no choice but to wish for new choices and that is not legal. They have a desperate choice.
2007-02-25 23:26:42 · answer #4 · answered by RayM 4 · 0⤊ 0⤋