SWA Political Governement and Economics

are any goods that are used to produce other goods.

An economy in which producers produce the goods they create more efficiently is called

the people vote for the executive (President), the representative legislature (Congress), and for their local leaders.

The limits on the number of goods that can be imported from a certain country is called a

is the value of people’s work that improves workplace efficiency

an economy that has both command and market elements.  

is a system of money.

the people elect the legislature, the legislature elects the prime minister.

It was founded by the countries of Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela.

the central government is in charge of deciding what goods and services are needed and how they will be produced.

a person who takes the risk of organizing and running a new business.

a system that is managed by the people. It is based on supply and demand.

Saudi Arabia’s form of government is an

Saudi Arabia is a Muslim nation. Therefore, it is illegal to practice

a tax placed on imported goods from another country.