Question
What type of economic system does Laos have?
Communist
Kula Loop
Traditional
Free-Market
Communist
Kula Loop
Traditional
Free-Market
Answers
GPT 3.5
Laos has a mixed economic system, with elements of socialism and market-oriented policies. However, it is primarily classified as a socialist economy due to the dominance of state-owned enterprises and government interventions in key sectors such as energy, finance, and telecommunications.