North Korea is practising the command system.
Command system is also known
as socialism and communism where the government answered all the basic questions. Basically,
the government determines what goods should be produced, how much should be
produced and at what price the goods will be offered for sale. The government assumes that they owns the capital, labour and
natural resources. Government will decides what is
good for the economic and the market forces or firm have no control of it.
Because
of that, someone feel that North Korea is notorious for its utter disregard of
basic human rights.
Currently, The North Korean government’s
release is titled, “We will destroy Imjingak, in its entirety,” The North Korea
threatens to kill human rights group just because of attempt to launch
balloons full of supplies from South Korea into North Korea on Saturday.
In my opinion, the advantages of practising command system are more public goods will be provided, high level of savings and capital accumulation, distribution of
wealth is equal and so on. The disadvantages are high cost in planning and no
incentive to innovate.
What are the other countries that practice command system?
ReplyDeleteand who is the resident of North Korea? He is so different from other president!!
ReplyDelete@js koot:The current president of North Korea is Kim Jong-un
ReplyDelete@js koot:Iran
ReplyDeletehave any questions?
firm cannot do the decision?
ReplyDeleteYes! all the decision is made by the goverment
DeleteIN your opinion,the command economy has gv benefit to the country?
ReplyDeleteOf course. There are pros and cons of practising the command system. The pros will be there will be more public goods in the country and the distribution of wealth in the country is equal
Deletein your opinion, is command system better than free market system? :)
ReplyDeletefree market is better,because the firm can make decision by their own
DeleteWhat are the basic question that the government answer?
ReplyDeleteWell, the basic question will be 1)What will be produced? 2)How will the goods and services be produce? 3) Who will get the ouput? 4) How will the system accommodate the change? 5) How will the system promote progress?
DeleteNorth Korea threatens to kill human right. what are the consequences?
ReplyDeleteThe consequences for threatening human rights are devastating. Without human rights, the citizens will not have freedom. Will you want to live in a country which you do not have freedom?
ReplyDelete