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3 votes
North Koreas is much more
oriented than India's economy.

asked
User Hodale
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1 Answer

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Final answer:

The economies of North Korea and India have different orientations. North Korea has a state-controlled economy, while India has a mixed economy with elements of free-enterprise capitalism. The two countries face different challenges and have different levels of economic development.

Step-by-step explanation:

The question is about comparing the orientation of the economies of North Korea and India. North Korea has a state-controlled economy, while India has a mixed economy with elements of free-enterprise capitalism. North Korea's economy is characterized by limited personal income and a lack of goods and services, while India's economy has a higher standard of living and a more diverse manufacturing sector.

North Korea's economy has been adversely affected by the loss of support from the Soviet Union, resulting in factory closures and high unemployment rates. On the other hand, India's eastern sector, particularly Kolkata, has struggled with deteriorating factories and outdated industries. Overall, the economies of both countries face their challenges and have different economic orientations.

answered
User Gerlinde
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