ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The LARGEST sector of Israel’s economy involves
A
desalination facilities
B
coffee bean harvesting
C
gold mining
D
high tech industries
Explanation: 

Detailed explanation-1: -The most important economic sectors are technology, manufacturing, and diamond polishing and cutting. In 2022, Israel’s GDP amounted to 501.4 billion U.S. dollars, and, according to estimates, it will increase to 611.8 billion U.S. dollars by 2026.

Detailed explanation-2: -Over the past few decades, Israel has established itself as one of the most technologically advanced countries in the world. With a population of just over 6 million, there are an incredible number of more than 4, 000 technology companies in this country.

Detailed explanation-3: -High-tech is responsible for 15 percent of Israel’s GDP, more than 50% of its industrial export, more than 10% of all employees, and around 25% of the internal tax revenues of all salaried workers in Israel.

Detailed explanation-4: -High-technology. Israel’s technology sector is growing faster than any other industry in the country. Manufacturing. Diamond Industry. Agriculture. Tourism. Transportation. 03-Apr-2019

There is 1 question to complete.