N Iran, the economy is highly centralized and there are a lot of regulations about private individuals opening and operating businesses. However, Saudi Arabia has made owning and operating a business very easy compared to the world average. What impact does this have on the role of entrepreneurs in both countries?

Due to the centralization of the Iranian economy, regulations can be seen as barriers to entry in particular industries. Ideally, this should allow the government to affect the economy through fiscal policy, however, in contrast, it can also create greater inequalities of wealth. On the other hand, Saudi Arabia has taken a more liberal approach to business through deregulation. One benefit is that this could attract more foreign investment to the economy. However, a downside to more liberalized fiscal policy is that it could leave the economy more prone to abuse, such as monopolization of certain sectors or corporate governance issues.