Examlex
Causal analysis reports
Command Economies
Economic systems where the government or central authority controls all major aspects of production and distribution of goods and services.
North Korea
An East Asian country officially known as the Democratic People's Republic of Korea, noted for its centralized economy and autocratic government.
Specialization
The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.
Production
The act of creating goods or services using labor, equipment, and natural resources.
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