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Which Economic System Is Associated with the DPRK (North Korea) the Former USSR (Soviet Union)? Choose Capitalism Traditional

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Which economic system is associated with the DPRK (North Korea) and the former USSR (Soviet Union)? Choose Capitalism Traditional Socialism Communism 's to develop new things The price of ined by the free interaction of producers ] to the laws of supply and demand.

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The economic system associated with the DPRK (North Korea) and the former USSR (Soviet Union) is Communism.Communism is an economic and political system in which the means of production are owned and controlled by the community as a whole. In a communist system, there is no private ownership of property or means of production. Instead, resources are allocated based on the needs of the population, and the goal is to achieve a classless society in which everyone is equal.In the case of the DPRK, the country has adopted a form of communism known as Juche, which emphasizes self-reliance and independence. The government controls all aspects of the economy, including production, distribution, and pricing. Similarly, the former USSR was a communist state where the government controlled the means of production and planned the economy.In contrast, capitalism is an economic system in which private individuals and businesses own and operate the means of production. Prices are determined by the free interaction of producers and consumers in the market, based on the laws of supply and demand. Traditional economies are based on customs, traditions, and beliefs, and rely on subsistence farming or hunting and gathering.