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SW Asia Economic Systems

SW Asia Economic Systems. Israel. Type of Economy: Mixed more market Major goods and services produced: Technology and service industry Economic Issues lack of natural resources/farmland *Israel is the most developed economy in SW Asia. Saudi Arabia. Type of Economy:

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SW Asia Economic Systems

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  1. SW Asia Economic Systems

  2. Israel Type of Economy: Mixed more market Major goods and services produced: Technology and service industry Economic Issues lack of natural resources/farmland *Israel is the most developed economy in SW Asia

  3. Saudi Arabia Type of Economy: Mixed leaning toward command Why: King makes decisions on how and where to use oil profits Major goods and services produced: Oil, commercial manufacturing Economic issues Starting to diversify its economy before oil runs out

  4. Turkey Type of Economy: Mixed some market Major goods and services produced: Agriculture, textiles, service industry Economic Issues Slowly adding more private ownership

  5. SW Asia Countries on the Economic Continuum Saudi Arabia Turkey Israel Command Market Mixed

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