Type the correct answer in the box. Spell all words correctly. What economic theory does the country follow?

A country in the Middle East has state-run enterprises that regulate and oversee all its oil-based operations and means of production. This

characterizes an)

economy

planned economic system or sociallism

Explanation:

Planned economic system is when the means of production are under the control of the state government.

Here, the government is the one in charge of the allocation of the resources in the economy coupled with the production if goods and its distribution.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

it is a i took the test.