PLANNED ECONOMY (ESTEAM)

Which Country Follows The Planned Economic System?

• Japan

• Australia

• Sweden

• North Korea

Choose three countries that still follow the

planned economic system from the presentation.

• China, North Korea, Cuba

• France, Turkey, Austria

• America, Sweden, Australia

• Japan, North Korea, Nigeria

Did North Korea benefit from the planned economy system?

• Yes, The North Korean economy thrived after their focuses shifted from the agriculture industry to the military industry.

• No, North Korea expected their economy to thrive though producing chemicals, metals, and textiles became the country’s priority, the amount of pollution generated was enough to spread disease to the citizens and their crops. This lead to a decline in their economy.

• Yes, North Korea benefited from producing chemicals, metals, and textiles, which stabilized its economy.

What were the advantages of the North Korean economic system.

(Choose All That Apply)

• • North Korea has one of the lowest unemployment rates in the entire world.

• The government will ensure no money is wasted.

• Citizens are suffering from the lack of local food, as nearly all food items are imported.

• Citizens are suffering from illnesses because of the amount of pollution the country produces.

• • North Korea was able to discover the vast amount of minerals and natural resources that the country has.

Which type of economy has Centralized government control?