National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market. In the ...

In a command economy, the government (or some other central authority) controls and steers major aspects of economic production. The government decides the means of production and owns the ...

$1,147 per person. The estimated gross national income (per capita) of North Korea in 2023, based on estimates by the Bank of Korea. As of 2024, no new statistics have been released.

California’s crony command economy may be currently limited in scope to the fast-food sector, but this is presumably not the end of the Golden State’s heedless attempts to supposedly help workers.

Mr. Wu is a law professor at Columbia and a contributing Opinion writer. He served on the National Economic Council as a special assistant to the president for competition and tech policy from ...