Question

Using complete sentences, compare and contrast the economies of Israel and Turkey. Explain what type of economy each country has and what industries each focuses on.

Answer 1

The economies of Israel and Turkey share many of the same characteristics in terms of structure, industries, and challenges. Both Israel and Turkey have mixed economies, meaning that their governments once played a large role in their economies, but are now becoming less involved as private businesses grow. The countries have significant manufacturing industries - technological products and diamond cutting in Israel, and textiles and food products in Turkey. Israel, however, has more established industries than Turkey. Turkey has a rich agricultural industry, but is trying to become less dependent on it. With imports and exports almost even, the country is extending its economy into other industries in order to promote growth. Israel has a smaller agricultural industry, and most of its people work in service jobs, such as tourism. Without much to trade, Israel must import more products than it exports to support its people.

Answer 2

Answer: They both operate mixed economies and have some similarities, although isreal is technologically advanced than turkey

Step-by-step explanation:

Isreal and turkey share some similarities when it comes to economy. Both are mixed economies, where the government once had or has influence over the development in either of the countries. Isreal is technologically advanced than turkey, as turkey depends more on agriculture, although they have started exploring other aspects of the industry, Isreal is more developed and has most of her people working in tourism and service jobs with few of them doing agriculture, meaning they import much of their agriculture products and export their technology, while turkey has a rich agricultural industry. Isreal focus on technology and tourism, while turkey focuses on agriculture despite recent interest in other sectors.