Question

South Korea is a strong market economy. Which best describes this?

Answer 1

The economy of South Korea is a highly developed mixed market economy dominated by family-owned conglomerates called chaebols. South Korea is known for its spectacular rise from one of the poorest countries in the world to a developed, high-income country in just a few generations. The investment turns in the market will actually rise higher than America in the next 7-10 years.Explanation:

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Answer 2

The economy of South Korea is a highly developed mixed market economy dominated by family-owned conglomerates called chaebols. South Korea is known for its spectacular rise from one of the poorest countries in the world to a developed, high-income country in just a few generations. The investment turns in the market will actually rise higher than America in the next 7-10 years.