Match the country with its type of economy

Question

Command Economy Mixed Economy

China

South Korea

North Korea

Japan

Answer 1

Here’s how the countries match up with their types of economy:

• Command Economy: North Korea
• Mixed Economy: China, South Korea, Japan

China has elements of both command and market economies but is often classified as a mixed economy due to its significant market-oriented reforms. South Korea and Japan also have mixed economies with a strong market focus.