command economy - China, North Korea
market-based economy - Japan, South Korea
command economy with limited market reforms - China
Drag and drop the country names to classify them by type of economy that they have today.
(2 points)
Put responses in the correct input to answer the question.
command economy - China, North Korea?
market-based economy - Japan, South Korea?
command economy with limited market reforms - China, Japan, South Korea, North Korea??????
3 answers
How can you prove that is correct?
The classification of the countries' economies is based on general knowledge and understanding of their economic systems.
- China and North Korea are known to have command economies, where the government controls and plans most aspects of the economy, including resource allocation and production.
- Japan and South Korea, on the other hand, are known for having market-based economies, where the majority of economic decisions are made by private individuals and businesses, with minimal government intervention.
It is worth noting that China has implemented limited market reforms in recent years, allowing for some degree of market-based elements within its overall command economy.
- China and North Korea are known to have command economies, where the government controls and plans most aspects of the economy, including resource allocation and production.
- Japan and South Korea, on the other hand, are known for having market-based economies, where the majority of economic decisions are made by private individuals and businesses, with minimal government intervention.
It is worth noting that China has implemented limited market reforms in recent years, allowing for some degree of market-based elements within its overall command economy.
1 answer