Question

How are the economic systems of North Korea and China similar?

A) Both systems have emerging market economies.
B) Both systems lack technological innovations.
C) Both systems have democratic-type governments.
D) Both systems have a centrally planned economy.

Answer 1

D) Both systems have a centrally planned economy.

Answer 2

the answer is: D.Both systems have a centrally planned economy.

In centrally planned economy, The government took control a large portion or all economic resources that exist in the country.

This economic system could be seen in both of those countries. In this system, the government has a large power to determine the type of goods can be produced by their citizens and people's ability to open a business tend to be a little bit restricted.