POST WAR WORLD 1946 1959
THE MARSHALL PLAN
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What type of economic system did North Korea follow?
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Capitalism
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Socialism
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Liberalism
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Communism
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Explanation:
Detailed explanation-1: -The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increasing. As of 2022, North Korea continues its basic adherence to a centralized command economy.
Detailed explanation-2: -North Korea has a command economy in which the central government directs the economy regarding the production and distribution of goods.
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