Does Yemen have a capitalistic economy?

Yemen has a mixed economy that incorporates elements of both capitalism and traditional practices, but it is primarily characterized by significant challenges, including political instability, conflict, and poverty. While there are private enterprises and some market-oriented activities, the economy is heavily reliant on agriculture, remittances, and oil exports. The ongoing conflict has hindered economic development and disrupted market mechanisms, making it difficult for a fully functioning capitalistic economy to thrive.