South Korea exports many of the parts that are on the cars we drive each day. Luckily, there are safety regulations in place to make sure these parts are safe for us to use. South Korea has what type of economic system?

Answer by Guest

Hello there!!

South Korea has a market economy based on supply and demand. In a market economy, the decisions to invest, build and expand are based on what is needed for the country to operate at optimal levels

Hope this helped and have a great day!!

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