answersLogoWhite

0


Best Answer

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...

User Avatar

Wiki User

11y ago

Still curious? Ask our experts.

Chat with our AI personalities

TaigaTaiga
Every great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
More answers
User Avatar

Wiki User

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.

User Avatar

User Avatar

Wiki User

10y ago

Iraq is a parliamentary democracy with confessionalist aspects.

User Avatar

User Avatar

Wiki User

10y ago

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


parlimentary democracy

User Avatar

User Avatar

Wiki User

14y ago

A mixed market economy

User Avatar

User Avatar

Wiki User

16y ago

Republican Kleptocracy

User Avatar

Add your answer:

Earn +20 pts
Q: What is Iraq's economic system?
Write your answer...
Submit
Still have questions?
magnify glass
imp