SWA Political Governement and Economics

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

Saudi Arabia’s form of government is an

a tax placed on imported goods from another country.

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

is a system of money.

are any goods that are used to produce other goods.

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

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

an economy that has both command and market elements.  

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

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

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

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

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

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