Since the early 1980's, Saudi Arabia has made significant effort to attempt to have more privately owned businesses. This shows that Saudi Arabia's economy has attempted to move toward which economic system?
Saudi Arabia's efforts to have more privately owned businesses since the early 1980s indicate that the country has attempted to move toward a market-oriented economic system.
Saudi Arabia's efforts to encourage more privately owned businesses suggest a move towards a mixed economic system. A mixed economic system is characterized by a combination of private and public ownership, where some resources and industries are owned and operated by the government, while others are owned and operated by private individuals or companies. This approach allows for both government intervention and market forces to influence the economy.
