What is Iraq's economic system?

Answer 1

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...

Answer 2

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.

Answer 3

Iraq is a parliamentary democracy with confessionalist aspects.

Answer 4

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

parlimentary democracy

Answer 5

A mixed market economy

Answer 6

Republican Kleptocracy