Ask Question
6 March, 19:34

How has Israel's lack of oil affected the country's economy

+2
Answers (1)
  1. 6 March, 19:42
    0
    The correct answer is the economy depends on technology instead of oil

    Israel's economy is partly capitalist and partly socialist. Health and education are made available in a socialist way.

    Israel is a small country, with a population of about 5 million people. Even so, it stands out in commerce and industry.

    He is a major exporter of agricultural products and technological products.

    In agriculture, the following segments stand out: potatoes, wheat, apples, tomatoes, citrus fruits and melons.

    In the industry: food, beverages, tobacco, machinery, chemistry, petrochemical, technology, metallurgy, transportation equipment, medical and hospital equipment and jewelry (Israel is the third largest diamond cutter in the world).

    Another area is tourism, which was once one of the segments that generated the most income in the economy, but over time this has changed, mainly because of terrorism.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How has Israel's lack of oil affected the country's economy ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers