Question

what is a socialist economy


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Answer 1

North Korea—the world's most totalitarian state—is another prominent example of a socialist economy. Like Cuba, North Korea has an almost entirely state-controlled economy, with similar social programs to those of Cuba. There is no stock exchange in North Korea either.

Answer 2

Answer:

Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems.

Explanation:

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