In the Kingdom of Saudi Arabia the government controls every aspect of oil production which makes up the majority of the country's economy. While other businesses are owned by individuals, the biggest segment of Saudi Arabia's economy is oil production. A. Entirely Market. B. Almost entirely Command. C. A mixture between just Market and Traditional. D. A Mixed economy with large amounts of Command.

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Social Studies

Frogger

3 November, 12:16

In the Kingdom of Saudi Arabia the government controls every aspect of oil production which makes up the majority of the country's economy. While other businesses are owned by individuals, the biggest segment of Saudi Arabia's economy is oil production. A. Entirely Market. B. Almost entirely Command. C. A mixture between just Market and Traditional. D. A Mixed economy with large amounts of Command.

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Augustus Mcneil · Answer 1

The correct answer is D. A Mixed economy with large amounts of Command.

A mixed economy is a form of economy that combines two or more distinct economic models. As economic systems are complex and generally hybrid, criteria for evaluating economic systems or "ideal" modes of production such as feudalism, capitalism, socialism are used.