It is ran by arabian monkies, trained by Zeus.
Dubai has what is called the open and free economic system. Dubai has focused its economy on tourism by building hotels.
Yes, it has small reserves, but more natural gas. The economy in Dubai does not rely heavily on oil or gas, but on commerce and tourism
Flying type :)
Dubai is one of the most vibrant and fast-growing cities in the world, with a dynamic economy that is constantly evolving….Read More
It has a market economy. BUT IT WAS a command economy
Opposite of Market Economy
Dubai, one of the seven emirates of the United Arab Emirates, owes its current riches to tourism, property and financial services. In the past, Dubai's economy was largely based on the oil industry.A large part of Dubai's success is from its economic free zones. These free zones are designated areas where taxes are very low or nonexistent. Free zones are very attractive to savvy businesses. Indeed, Microsoft, IBM, Oracle, HP, and Nokia all have buildings in Dubai internet City.Dubai's efforts to change it's economy from an oil-based one to a property based economy have succeeded, so far. The recent economic recession has hurt Dubai badly, and the future of some of its large scale projects are unclear.
Dubai, one of the seven emirates of the United Arab Emirates, owes its current riches to tourism, property and financial services. In the past, Dubai's economy was largely based on the oil industry.A large part of Dubai's success is from its economic free zones. These free zones are designated areas where taxes are very low or nonexistent. Free zones are very attractive to savvy businesses. Indeed, Microsoft, IBM, Oracle, HP, and Nokia all have buildings in Dubai Internet City.Dubai's efforts to change it's economy from an oil-based one to a property based economy have succeeded, so far. The recent economic recession has hurt Dubai badly, and the future of some of its large scale projects are unclear.
a type of economy that is very sincitiv in a matter of time
it has a mixed economy
Capilatist Economy (:
market economy