In the king of Saudi Arabia the government controls all parts of the oil production which make up their majority of the countries economy some businesses are owned by individuals but the biggest portion of Saudi Arab economy is oil production Saudi Arabia economy what best be describes as a internally market be internally economy see a Miss between just market and traditional D and Miss economy with large amounts of command
economy. The government plays a central role in regulating and controlling key industries, such as oil production, and may also influence other sectors of the economy through policies and regulations. The presence of private businesses and individuals in the economy allows for some degree of market competition, but the government's control and influence remain dominant. Overall, Saudi Arabia's economy can be characterized as a mixed economy with a significant emphasis on government control and intervention.
