- Norway
- North Korea
- South Korea
- the United States
Answer: North Korea
Why North Korea Has a Communist Command Economy
North Korea operates a communist command economy, where the government holds centralized control over all economic activities, from resource allocation to production decisions. In this system, private property is nearly nonexistent, and most industries, including agriculture, manufacturing, and services, are owned and regulated by the state.
This model aligns with communist principles, which prioritize state ownership to supposedly ensure equal access to resources and services for all citizens. Unlike market economies, where supply and demand drive production and distribution, North Korea’s command economy dictates what is produced, how much is produced, and at what price, aiming to fulfill the government’s goals over individual or corporate interests.
The government’s strict control extends to wages, employment, and trade, resulting in a self-sufficient but heavily restricted economy that limits both foreign influence and personal economic freedom.
