turkey is a(n) with a(n) economy.
1. oligarchy
2. oil based
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To determine the type of economy in Turkey, we need to consider its characteristics and main industries.
1. Oligarchy: An oligarchy refers to a system where power is concentrated in the hands of a few individuals or a dominant group. This term does not describe the economic system of a country.
2. Oil-based: An oil-based economy implies that a significant portion of a country's economy relies on the production, export, and revenue generated from oil. However, Turkey is not typically considered an oil-based economy.
In the case of Turkey, it has a mixed economy. A mixed economy combines elements of both market-based capitalism and government intervention. It features private enterprise and competition, along with a level of government involvement through regulations, subsidies, and public services.
Turkey has a diverse economy with several key industries, including manufacturing (such as textiles, automotive, and electronics), agriculture (such as grains, fruits, and vegetables), tourism, and services (such as finance, telecommunications, and transportation).
Overall, while Turkey has a diverse economy, it is not considered an oligarchy or an oil-based economy.