2007-08-25 21:26:14 · 5 answers · asked by Pal 1 in Social Science ➔ Economics
Israel is doin' pretty well for a country that DOESN'T HAVE OIL! There is a system of social welfare to offset the effect of few people controlling the major wealth/ means of production in the country--there's also an active stock market and banking system. On the other hand, there is a very well-organized labor union. Sufficient funds are kept in circulation to make the economy self-sustainable, which in reply to your question is--there is just the right balance between capitalism and socialism. There is little inflation and the economy is buoyant!
2007-08-26 03:01:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, although much of it is government owned. Those native to the Middle East, who are not Jews and live in Israel, find it extremely hard to prosper form the Israeli economy. Mizrahi Jews are discriminated against but it is still easier for them to do business in Israel than for Arab citizens of Israel.
2007-08-26 04:36:44 · answer #2 · answered by ReefLobster 2 · 0⤊ 0⤋
It is somewhat closer to "Capitalist Economy", They follow some methods and laws of Welfare economics, Israel is free market, More precisely laissez Faire, Govt. generates funds from treasury and by taxes, In few segments of market, Govt is also an investor like Arms and ammunition, One Consumer financing bank is Govt. owned, Rest are in pvt. Sector
2007-08-26 05:06:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes.
2007-08-26 12:55:13 · answer #4 · answered by BMCR 7 · 0⤊ 0⤋
yes but have goverment healthcare
2007-08-26 04:35:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋