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→Economy
[[File:Home in Lybia.jpg|left|200px|Habitat.]]
[[File:Home in Lybia.jpg|left|200px|Habitat.]]
[[File:Old covered market in Benghazi Lybia.JPG|thumb|220px|Old covered market in Benghazi.]]
Despite efforts to diversify the economy and encourage private sector participation, extensive controls of prices, credit, trade, and foreign exchange constrain growth. Import restrictions and inefficient resource allocations have caused periodic shortages of basic goods and foodstuffs.
Despite efforts to diversify the economy and encourage private sector participation, extensive controls of prices, credit, trade, and foreign exchange constrain growth. Import restrictions and inefficient resource allocations have caused periodic shortages of basic goods and foodstuffs.