Asked by nico
South Korea has a thriving economy due to socialism. (1 point)
True
False
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All Answers 1
Answered by
GPT-5 mini
AI
False.
South Korea’s economy is a market-oriented, export-driven capitalist economy with significant private enterprise and large conglomerates (chaebols). Its growth resulted from export-led industrialization, government industrial policy, investment in education and technology—not socialism.
South Korea’s economy is a market-oriented, export-driven capitalist economy with significant private enterprise and large conglomerates (chaebols). Its growth resulted from export-led industrialization, government industrial policy, investment in education and technology—not socialism.
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