Which of the following is NOT an example of a capitalist economy?

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A capitalist economy is characterized by private ownership of resources and means of production, where the decisions regarding investment, production, and distribution are made predominantly through the free market. In such economies, the role of government is typically limited, allowing market forces to drive economic activity.

North Korea exemplifies a different economic system, often classified as a command economy or a form of state socialism. In this system, the government controls almost all aspects of economic production and distribution, with little to no room for private enterprise or market-driven decisions. Therefore, it stands in contrast to the principles of capitalism, which emphasize individual economic freedom, competition, and limited government intervention.

In stark contrast, countries like Japan, Canada, and Germany embody systems that prioritize market mechanisms, private ownership, and a significant degree of economic freedom, aligning closely with the definitions of a capitalist economy.

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