which type of economy is used in libya?

location:northen afica, borderingthe mediterranean sea, between egypt and tunisia.

2007-02-14 11:45:15 · 1 answers · asked by mariummmm..... 1 in Travel ➔ Africa & Middle East ➔ Other - Africa & Middle East

Libya has a socialist economy, dominated by the government's control of their oil resources, which comprises 95% of their economy.

2007-02-14 11:53:35 · answer #1 · answered by Michael 4 · 1⤊ 0⤋

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