Match the country with its type of economy.
Command Economy Mixed Economy
china, south korea, north korea ,japan,
China - Command Economy
North Korea - Command Economy
South Korea - Mixed Economy
Japan - Mixed Economy
China: Command Economy
North Korea: Command Economy
South Korea: Mixed Economy
Japan: Mixed Economy
To match the countries with their types of economies, you need some understanding of the economic systems.
Command Economy: This is a type of economy where the government has significant control over the allocation of resources, production, and distribution of goods and services.
Mixed Economy: In a mixed economy, there is a combination of both government intervention and private enterprise. The government regulates certain industries or sectors, but there is also room for private businesses to operate.
Now, let's match the countries with their respective types of economies:
China: Command Economy - In China, the government has a high level of control over the economy, with state-owned enterprises playing a significant role in many industries.
South Korea: Mixed Economy - South Korea follows a mixed economy, where there is a combination of government intervention and free-market principles.
North Korea: Command Economy - North Korea has a command economy, with the government exercising extensive control over all aspects of the economy.
Japan: Mixed Economy - Japan is known for having a mixed economy, with a balance between government regulation and private enterprise.
So the match is as follows:
China - Command Economy
South Korea - Mixed Economy
North Korea - Command Economy
Japan - Mixed Economy