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Kim Jong-Un

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What are the most serious economic problems associated with North Korea.

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What are the most serious economic problems associated with North Korea.

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Their industrial capital stock is almost beyond repair

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It is passed down in generations.

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1. Military production
2. Food processing

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1. Military
2. Traffic security officers
3. Farmer
4. Music teacher

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Unemployment rate: 2.59%
Poverty rate: 60%

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coal, iron ore, and limestone

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Exports: Fishery products, textiles, metallurgical products, and minerals
Imports: Petroleum, coking coal, machinery and equipment

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The government

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Advantages: The poor are helped
Disadvantages: lack of incentive to work hard, lack of consumer choices, also called communism and socialism

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Their very strict government