SS7E4 Economic System of Saudi Arabia

oil

forests

diamonds

coal

government (royal family)

private companies

Private businesses make almost no decisions, while the government decides everything.

The government makes no decisions, while private businesses decide everything.

The government makes most of the decisions, but it allows private businesses to make some decisions.

Saudi Arabia's economy is a pure command economy.

Saudi Arabia's mixed economy has a strong command side, but it is adding more market elements.

Saudi Arabia's mixed economy has a strong market side, but it is adding more command elements.

updating its factory machines and technology

educating its citizens

waging war against its neighbors

building more roads, railways, and airports

They will increase GDP by better transporting people and products across the country.

They will decrease GDP because so much money is being spent.

They will increase GDP by making factory production more efficient.

They will decrease GDP because better factory improvements result in fewer jobs for citizens.

improving its education system

updating factory machines

boosting spending on research and job training

building more schools and colleges

building railways to better transport goods

Trained workers fill essential jobs in the economy and help increase the country's GDP.

Educated workers are happier because of the knowledge they've gained.

Saudi Arabia wants to attract foreign students to attend its universities and technical colleges.