North Korea' Command Economy is Based on Agriculture and Natural Resources

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The economy in North Korea operates under the Central Bank of the Democratic People’s of and it remains as one of the world’s last centrally planned systems. North Korea has a command economy and it is based on agriculture and natural resources. The government permits private farmers markets to sell a range of goods, they also allowed some private farming on an experimental ground. Although, agriculture has a decreasing role in the nation's economy there has been an increase in cultivated land projects, mechanization and the use of chemical fertilizers.
Farmers are either paid or allowed to keep bees, fruit trees, chickens and gardens. Some farmers can sell leftover produce at regional markets that are held annually. Farmers make out better than most urban workers during the lean years but they still struggle to survive. In North Korea barley, grains, corn, wheat and rice are the major food crops. They also raise potatoes, sweet potatoes, soybeans and other vegetables and tree fruits. Their industrial crops consists of flax, cotton and tobacco. Areas who are failing in crop raising are used for livestock raising. The sea is where North Koreans get most of their protein. The main sea life caught are shellfish, yellow-tail, pike, herring, pollack, sardines and mackerel.
North Korea has a wealth of natural resources its terrain is mostly hilly and mountainous. They have an amplitude amount of mineral deposits, it is estimated that about 200 minerals are of economic value. The Key ones are iron ore and coal, the greater highlight are magnesite, zinc, lead and gold which have led to extradition. They also have plenty of tungsten, barite, graphite and molybdenum. Power production is mainly based on hydroelectricity, however ther...

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...ontradicting but even though they don’t have a minimum wage in 2002 the government conducted a price/wage reform. The state offers health care, education, food rations and housing for free. Although there is health care hospital patients must pay their own medicines, prepare all their meals at home and cover the cost of heat. The average worker earns about $2.00 to $3.00 per month in pay from the government, some people work on the side selling goods in local markets earning about $10.00 per month extra. About half of North Korea’s population live in extreme poverty. The people that are really trying to survive live off of kimchi and corn, they are restricted access to fuel for cooking and heating. Kim Jong Un is worth $5 billion dollars, most of the money comes from counterfeiting, government enterprises as well as sales of narcotics and other types of criminality.

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