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

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.

one of the main reasons was definitely slavery. back in 1861, republican abraham lincoln was elected and ended up being a major influence in the slavery business. slavery greatly affected the texas economy because back in 1845 during the annexation of texas, slaves became a big part of the texas population. many texans that were in favor of the secession influenced groups through party ties.