Match the country with its type of economy.
(2 points)
Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
Command Economy japan china north korea south korea
Mixed Economy
Command Economy North Korea
Mixed Economy Japan, China, South Korea
Select the boxes in the table to show whether each country has an autocratic or a democratic form of government today.
mongolia taiwan
Mongolia - Democratic
Taiwan - Democratic
Japan, China, South Korea
To match the country with its type of economy, we need to know the characteristics of each country's economy.
- Japan: Japan has a mixed economy. It combines elements of both a market economy and a planned economy. While there is a significant degree of economic freedom and private ownership, the government also plays a role in regulating and planning certain sectors.
- China: China has a mixed economy as well. It has transitioned from a centrally planned economy to a more market-oriented one. However, the government still maintains a significant level of control over key industries and sectors.
- North Korea: North Korea has a command economy. The government has complete control over the country's resources and economic decision-making. There is limited private ownership and little economic freedom.
- South Korea: South Korea has a mixed economy. It has a strong industrial base and a significant presence of both private and government-owned businesses. The government plays a role in regulating the economy but generally allows market forces to determine prices and production.
So, to match the country with its type of economy:
- Japan: Mixed economy
- China: Mixed economy
- North Korea: Command economy
- South Korea: Mixed economy