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12 November, 06:44

North Korea can be described as most likely having which type of economic system?

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  1. 12 November, 06:48
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    The economy of North Korea is a centrally planned system, where the role of market allocation schemes is limited, though increasing. As of 2020 North Korea continues its basic adherence to a centralized command economy ... China is North Korea's largest trading partner.

    Country group: Low-income economy

    Currency: North Korean won

    GDP: $32.1 billion (nominal, 2018)

    GDP by sector: agriculture: 22.5%; industry: 47 ...
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