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OIL, OIL, More Oil and Natural Gas...

The Iranian economy is heavily dependent on the lucrative oil and gas sector. ... Iran produced 6 million barrels per dayin the monarchy's final years. ... This, however, does not measure the true cost of subsidies. The US has an embargo on Iranian Oil but that doesn't stop other surrounding countries from buying it.. Also; the underground also has pipelines of arms, and weapon trading.

The poor; meaning most of the countries hard working citizens depend on self preservation by selling, food, artwork, and anything they can to survive. Like most countries the rich get richer and poor suffer...

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10y ago
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8y ago

Iraq officially maintains a capitalist economy, but has a number of more rural or pastoral areas that operate along a more traditional economic strata. However, Iraq is a barely functional state and lacks a properly functioning economy outside of Iraqi Kurdistan.

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9y ago

Iraq is a parliamentary democracy with confessionalist aspects.

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9y ago

It had a Dictatorship. Now we are trying to help them establish a republic (but failing miserably).


parlimentary democracy

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14y ago

A mixed market economy

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16y ago

Republican Kleptocracy

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Q: What is Iraq's economic system?
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