Asked by Justene Hirsig on May 28, 2024

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In communist countries such as North Korea and Cuba,investment is done

A) entirely by the government.
B) mostly by the government.
C) about half by the government and half by private enterprise.
D) mainly by private enterprise.

Communist Countries

Nations that practice or claim to practice a system of government based on the communist ideology, characterized by the community or state ownership of all property and means of production, with the aim of achieving classlessness and statelessness.

Investment

The allocation of resources, such as capital or time, in the expectation of generating income or profit.

  • Clarify the role of government in investment in different economic systems.
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Verified Answer

CS
Chandra SekharMay 31, 2024
Final Answer :
A
Explanation :
In communist countries such as North Korea and Cuba, investment is done entirely by the government as the state is responsible for controlling all means of production and distribution. Private enterprise is severely restricted or non-existent in such countries.