Question

Type the correct answer in the box. Spell all words correctly.

What economic theory does the country follow?

A country in the Middle East has state-run enterprises that regulate and oversee all its oil-based operations and means of production. This

characterizes an)

economy

Answer 1

Command

Step-by-step explanation:

Answer 2

Answer: planned economic system or sociallism

Step-by-step explanation:

Planned economic system is when the means of production are under the control of the state government.

Here, the government is the one in charge of the allocation of the resources in the economy coupled with the production if goods and its distribution.