Question

4
select the correct answer.
in north korea, the government owns all factories and businesses. what type of economy does north korea have?
a. traditional
b. democratic republic
c. command
d. market

Explanation:

A command economy is defined by central government ownership and control of all major means of production, including factories and businesses. A traditional economy relies on customs/tradition, a democratic republic is a political system (not an economic one), and a market economy is driven by private ownership and supply/demand. North Korea's system matches the command economy definition.

Answer:

C. command