![Page 1: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/1.jpg)
Middle Eastern Economies
![Page 2: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/2.jpg)
SS7E5: Analyzing Economic Systems
• a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce.
• b. Explain how most countries have a mixed economy located on a continuum between pure
• market and pure command.• c. Compare and contrast the economic systems
in Israel, Saudi Arabia, and Turkey.
![Page 3: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/3.jpg)
Economic Systems
PureMarket
PureCommand
![Page 4: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/4.jpg)
Israel(1) What to produce? A large portion of Israel’s GDP comes from high tech manufacturing, financial services, and agriculture.
![Page 5: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/5.jpg)
(2) How to produce? Israel has substantial government ownership of business, but is gradually privatizing companies.
![Page 6: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/6.jpg)
(3) For whom to produce? The private sector produces goods and services for domestic and international markets based on the market price system.
![Page 7: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/7.jpg)
Economic
Systems
PureMarket
PureCommand
1000
Israel70.5%
Place on the continuum: Israel would fall in the middle of the market side on the continuum.
![Page 8: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/8.jpg)
Saudi Arabia (1) What to produce? Saudi Arabia is the world’s leading producer of oil. The Saudi government continues to invest in industrial production. They are a leader in petrochemicals, mining, and refining.
![Page 9: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/9.jpg)
Saudi Arabia:(2) How to produce? • Over 95% of the oil industry in the
country is operated by the government. Most other major industries have significant government involvement.
• Saudi Arabia relies heavily on specialized labor from other countries. Estimates are that a third of the labor force falls in this category.
• Since the 1980s, the Saudi government has been trying to increase private ownership of business and encourage more joint ventures with private foreign companies.
![Page 10: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/10.jpg)
Saudi Arabia 3) For whom to produce?
• One third of Saudi Arabia’s GDP is based on exports to other countries. (This is due to the economy’s reliance on the oil sector.)
![Page 11: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/11.jpg)
Economic
Systems
PureMarket
PureCommand
1000
Saudi Arabia
62.1%
Place on the continuum: Saudi Arabia would fall to the left of Israel on the continuum.
![Page 12: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/12.jpg)
Turkey (1) What to produce? Turkey has a diversified economy with large service, manufacturing, and agricultural sectors.
![Page 13: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/13.jpg)
(2) How to produce? Since the late 1980s, Turkey has gradually moved from a government directed economy to more private enterprise.
![Page 14: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/14.jpg)
(3) For whom to produce? One fifth of Turkey’s production is exported. The remainder is consumed by domestic consumers and the government.
![Page 15: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/15.jpg)
Economic
Systems
PureMarket
PureCommand
1000
Turkey63.2%
Place on the continuum: Turkey would fall to the left of Saudi Arabia and Israel on the market side of the continuum.
![Page 16: Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and…](https://reader035.vdocument.in/reader035/viewer/2022062223/5a4d1bda7f8b9ab0599dc3d9/html5/thumbnails/16.jpg)
Economic
Systems
PureMarket
PureCommand
1000
Turkey64.9%
Saudi Arabia
62.1%
Israel70.5%
United States
75.5%
Iran41.8%