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and I know North Korea is a command economy
I heard that the US is a mixed economy
and also Canada has a pure market economy
the good parts about North Koreas economy is that everyone is equal and low unemployment t levels
yeah and the good parts of a mixed economy is a healthy competition and ownerships in manufacturing
yeah, also market economy's good parts are that the government is not that involved and consumer sovereignty
and the bad parts of a mixed economy is they do tend to lean on government control and challenge of finding a balance
and the bad parts about command economy is less freedom, surpluses and more
the market economy's disadvantages are poorer work conditions, unequal wealt, etc
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