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economies and how they work

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Question
Answer
what is a command economy?   it's an economy where the government owns most of the land and is in charge of the economy. It's very hard to be an entrepreneur.  
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what's a market economy?   this economy is where the producers( also known as the owner or business) and the consumers maka all of the decisions  
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what's some major industries in isreal?   farming, diamond mining , technology  
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major industries in Saudi Arabia   oil, chemicals, date fruits  
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turkey's major industries   oil, minerals, farmland, textiles  
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quota   limit on goods in trade  
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embargo   the block off of trade  
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tariff   a tax on goods  
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what does O.P.E.C do?   it controls the quanity and price of oil  
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where are most of the O.P.E.C countries located?   the middle east  
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how does profits from oil help the country of Saudi Arabia?   they upgrade technology and eduacate their citizens  
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why do you need a system to exchange curriencies?   TRADE  
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capital goods   machienes that help with businesses  
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