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Economic Systems in the Middle East
Transcript of Economic Systems in the Middle East
the Middle East
Israel? Economic type anyone?
Remember, Israel's economic type is very
similar to how our country runs its economy.
Free/Market economy. People are free to buy
what they want and businesses can sell what
ever they want with very little or no government
Iran's Economic System?
Iran's economy is a command system. There are
a lot of restrictions on what people can buy and
what businesses want to sell. The government is
heavily invovled. There is very little or no freedom
for people in this country.
Every economy around the world requires some government involvement. Does anyone know why? Spend about a minute to generate an answer.
What in the world is going on?
We'll worry about this later.
"We have agreed to quickly establish a tripartite team of technical experts to review the impact of the dam that is being built in Ethiopia," Zenawi said. Experts from Sudan will also be part of the team.
Sharaf said Ethiopia's planned construction of the Grand Renaissance Dam "could be a source of benefit" - an apparent change in tone by Egypt's new rulers on what has been a highly contentious issue.
"We can make the issue of the Grand Renaissance Dam something useful," Sharaf said. "This dam, in conjunction with the other dams, can be a path for development and construction between Ethiopia, Sudan and Egypt."
Egypt's election commission has set November 21 as the date for the election to the lower house of parliament, the country's first vote since President Honsi Mubarak was toppled seven months ago.
Reports on Saturday quoted the head of the election commission as saying that voting for the upper house will take place two months later on January 22.
While election commission officials were not immediately available to comment on the report, an army source said the date will be announced in the coming days.
The election will be the first free vote in decades for Egyptians after 30 years of autocratic rule by Mubarak.
The country's ruling military council has been under pressure to fix a precise date for the election it had promised to hold when it took over after Mubarak was forced to step down in February.
The pensioner, from Newark, Nottinghamshire, smashed John Sifford’s 2005 record of 16lb 8.37oz with his 17lb 15.5oz specimen at the Harrogate Flower Show.
Mr Glazebrook, who has grown several past prize-winners, was thrilled to have finally won the coveted title.
“Obviously I am over the moon," said the 67-year-old. “Winning these competitions is great, but in the vegetable growing world, the heaviest onion title is the one to have.”
The former chartered surveyor picked up £500 for winning first prize at the show, and a further £1,000 for setting the new world record.
He currently holds three other world records - heaviest potato, heaviest parsnip, and longest beetroot
Would anyone like to cut my onion? Be cautious, it might make you sad :-(
Reasons for government invovlement
What is economy?
In your own words, give me a definition for economy.
The management of the resources of a community, country, especially with a view to its productivity.