Explain how is the oil industry success affected


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?

 

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Business Economics: Explain how is the oil industry success affected
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