Wed. 10-1-25 DOL 6th Grade

In a communist economy like North Korea, ​ (a)   usually makes the major economic decisions such as what goods to produce and how to distribute them.

• individuals
• foreign companies
• the government
• private businesses

Sarah is doing a project about a country with a communist economy. Which of the following characteristcs should she include in her project?

Select on TWO correct answers.

• Businesses compete freely with little government interference.

• The government owns and controls all property and resources.

• Prices are determined by supply and demand.

• Individuals cannot own their own business.

Alexander is reading about North Korea, where the government owns all factories and farms, and people are assigned jobs by the state. Which type of economy does North Korea have?