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Economic Profile of the Oil Industry in Saudi Arabia
Write about the economic profile of the oil industry.
Include these in terms of impact on the oil industry:
- Price elasticity of supply/demand and shifts in this
- Positive/negative externalities
- Inequalities in wages
- Fiscal/monetary policy
How is the oil industry`s success affected by the economy?
What are some influences in the economy that can negatively affect the oil industry?