Chapter 1: Spatial Distribution of Major Economic Systems page

North Korea's command economy-is Based on Agriculture and Natural Resources. 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.

Germany's market economy-is a highly developed social market economy. It has the largest national economy in Europe. 28% of the euro area economy according to the IMF.

Command Economy- is a key feature of any communist society.It also determines investments and incomes.is a system where the government, rather than the free market, determines what goods should be produced

Traditional economy- is an economic system in which traditions, customs, and beliefs help shape the goods. service.

Market economy- a system where the laws of supply and demand direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. 

Farm Subsidies- About 39 percent of the nation's 2.1 million farms receive subsidies. with the lion's share of the handouts going to the largest producers of corn. The federal government spends more than $20 billion a year on subsidies for farm.

Tax incentives- Tax incentives are ways of reducing taxes for businesses and individuals. Exchange for specific desirable actions or investments on their parts. Their purpose is to encourage those businesses and individuals to engage in behavior