North Korea has an authoritarian government with a strong dictator. Identify the economic system of North Korea. Explain your answer.

North Korea has a command economic system.

Explanation:

North Korea is a country that is often used as an example of an authoritarian regime where a dictator controls everything and the economy and society are closed from the rest of the world. This is with a good reason, as that is all true, and the leader is a dictator that has absolute power and no one is allowed to even say something against him. The politics is based on the ideologies of Stalin and Mao, but with some local twists.

North Korea is often defined as a communist country, which is true to a certain point, but also not true for some other things. The economy is a command one. This basically means that the economy is closed to most of the world, with its primary goal being self-sufficient. This is a huge problem for the people of the country though because the planning of the economy is very often not precise and the outcome is nowhere near the predicted one, so the people are suffering from hunger too regularly.

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