A command economy is one where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. The country that has the greatest degree of a command economy is North Korea.
In North Korea, the government controls nearly all aspects of the economy. This includes the allocation of resources, production decisions, and distribution of goods and services. The state owns most of the means of production, and private enterprise is extremely limited. The government also sets production targets and directs investment in key industries.
This level of control is characteristic of a command economy, where the government plays a central role in planning and managing economic activities. While other countries may have elements of a command economy, North Korea’s economy is one of the most centrally planned and controlled in the world.