Pictures of the strange situation of North Korea

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Bill Gates’s net wealth is higher than North Korea’s gross domestic product

North Korea’s economy is a centrally planned system, where the role of market allocation schemes is limited, though increasing. Although there have been some small-scale reforms, as of 2015, North Korea continues its basic adherence to a rigid centrally planned command economy, and its reliance on fundamentally non-pecuniary (not readily quantified or valued in money) incentives.

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Amir Sarchami

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