On which side of the economic continuum does Saudi Arabia lie?

A. It is a pure command economy, with the government controlling everything.

B. It is becoming more mixed, but leans on the command side of the continuum.

C. It is becoming more mixed, but leans on the market side of the continuum.

D. It is a pure market economy, with individuals making all of the business decisions.

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1 September, 14:52

On which side of the economic continuum does Saudi Arabia lie?

A. It is a pure command economy, with the government controlling everything.

B. It is becoming more mixed, but leans on the command side of the continuum.

C. It is becoming more mixed, but leans on the market side of the continuum.

D. It is a pure market economy, with individuals making all of the business decisions.

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Cassidy Kirk 1 September, 18:00
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Answer: A

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Deacon Moss · Answer 1

The economy of Saudi Arabia is dependent on oil and has strong government control over major economic activities. On the other hand, Saudi Arabia's private sector is dominated by a handful of big businesses in the service sector, primarily in construction and real estate. Those big businesses are connected to government by close ties. However, government recognizes the need of flexibilization, they understand that there is a series of challenges for Saudi Arabia such as prepare the youth for the workforce and providing them with employment, diversifying the economy, stimulating the private sector and open up the market in some key sectors.

Thus, it is possible to argue that B is the correct answer? It is becoming more mixed, but leans on the command side of the continuum.