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

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

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

Answer

Brief Explanations:

In a command - economy, the government owns and controls most of the means of production. Since all factories and businesses in North Korea are owned by the government, it fits the characteristics of a command - economy. A traditional economy is based on customs and traditions. A democratic republic is a form of government, not an economic system. A market economy has private ownership of businesses and relies on market forces.

Answer:

C. command