QUESTION IMAGE
Question
in the kingdom of saudi arabia the government controls every aspect of oil production which makes up the majority of the countrys economy. while other businesses are owned by individuals, the biggest segment of saudi arabias economy is oil production.
saudi arabias economy would best be described as
a entirely market.
b entirely command.
c a mixture between just market and traditional.
d a mixed economy with large amounts of command.
A pure market economy has no government control of key industries, which does not match Saudi Arabia. A pure command economy has no private business ownership, which also does not fit. The scenario does not mention traditional economic elements. Saudi Arabia has government control of its dominant oil sector (command element) plus private-owned businesses (market element), making it a mixed economy with heavy command features.
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D. a Mixed economy with large amounts of Command