select the correct answer.\nin north korea, all factories and businesses are owned by the government. what…

select the correct answer.\nin north korea, all factories and businesses are owned by the government. what type of economy does north korea have?\na. traditional\nb. democratic republic\nc. command\nd. market

select the correct answer.\nin north korea, all factories and businesses are owned by the government. what type of economy does north korea have?\na. traditional\nb. democratic republic\nc. command\nd. market

Answer

Brief Explanations:

In a command - economy, the government makes most economic decisions and owns most of the means of production. Since all factories and businesses are owned by the government in North Korea, it is a characteristic of a command - economy. A traditional economy is based on customs and traditions, a democratic republic is a form of government not an economy type, and a market economy has private ownership of businesses and market - driven decisions.

Answer:

C. command