Economy Structure
An economy in which the government has complete control over types of goods and services produced, quantity produced, and selling prices.
What is a Command Economy?
Kim Jong-un
Who is the Supreme Leader of North Korea?
Incentivizing productivity, efficiency, innovation, and entrepreneurship for individuals so that the firm can be successful
What is Profit Motivation?
Command Economy
What is North Korea's economy structure?
Ideology of self-reliant economy based of Marxist/Leninist principles
What is Juche?
1948
What is the year North Korea was formed?