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The Importance of Institutions According to the video, what is one significant difference between South Korea and North Korea? South Korea has a higher population
The Importance of Institutions According to the video, what is one significant difference between South Korea and North Korea? South Korea has a higher population density than North Korea. South Korea has a totalitarian government, while North Korea has a capitalist system. South Korea fosters commercial cooperation and trust, while North Korea relies on political influence and control. South Korea has a centrally planned economy, while North Korea has a free market economy
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