Answer:-
North Korea is often considered the closest example of a command economy today. In a command economy, the government controls most aspects of production, resources, and distribution instead of letting market forces decide. North Korea’s government makes nearly all economic decisions, controls industries, sets prices, and directs labor. This system limits private ownership and competition, focusing on central planning. While other countries like Cuba or Venezuela have elements of command economies, North Korea’s economy is the most strictly controlled, making it a prime example of this economic model in practice today.
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