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Israel is the Eastern Mediterranean country that has the most diversified economy. Israel has a market economy, and in 2014, its GDP was $286.840 billion.

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What country uses a traditional system of economy?

The country that uses the traditional economy system is Cuba


Why was it so hard for some of the Eastern Europe countries to change to capitalism and not the other countries?

The transfer from an economy dominated by central planning to an economy dominated more by market mechanisms was difficult for most of the Eastern Block countries. Generally speaking the closer the country was to the affluent West the better off the country did since foreign investment was an important component in the transformation. Poland allowed quite a bit of private ownership. The former Soviet Union had a particuarly difficult time because not only did it go through an economic transformation; the country also, quite literally, fell apart, so there was also a political transformation as well.


Why has trade been a vital part of Middle Eastern economy for many centuries?

Because it is radonkulous ;)


From what country did most of the workers who built the transcontinental?

Most of the workers who built the transcontinental railroad in the United States were Chinese immigrants. They played a crucial role in constructing the Central Pacific Railroad, facing harsh conditions and discrimination. Their labor was instrumental in connecting the eastern and western parts of the country and significantly contributed to the expansion of the U.S. economy.


Why is it important that middle eastern countries export oil?

Industries can not run without oil and gas and if industries can not run then the country will export less so the economy of the country will be down and the country will have to face many difficulties.

Related Questions

Which region has an economy that is most dependent on the export if oil?

The eastern Mediterranean. - Apex


What has an economy that is most dependent on the export of oil?

The Persian Gulf or the eastern Mediterranean's economy is most dependent on the export of oil.


What region has an economy the is dependent on the export of oil?

The Persian Gulf or the eastern Mediterranean's economy is most dependent on the export of oil.


What region has an economy that is most dependent on the export of oil?

The Persian Gulf or the eastern Mediterranean's economy is most dependent on the export of oil.


What term applies to a country in which the economy is primarily based on diverse industries?

The term that applies to a country in which the economy is primarily based in diverse industries is called a market based economy. This means that people of that country buy diverse things there, such as gifts, or fresh food, and don't depend on one industry.


What country has the most industrailized economy in eastern europe?

Czech Republic.


What eastern European country has not adopted a free market economy?

Belarius


The most industrialized economy in Eastern Europe is found in the country of?

Czech Republic.


What world region exports the most oil?

The Persian Gulf or the eastern Mediterranean's economy is most dependent on the export of oil.


What country has the most industrialized economy in the eastern Europe?

A+ users: Hungary


What small island country is of the eastern coast of the Arabian Peninsula?

The small island country located off the eastern coast of the Arabian Peninsula is Bahrain. It is an archipelago consisting of 33 islands, with Bahrain Island being the largest. The country is known for its rich history, cultural heritage, and significant oil reserves. Bahrain serves as a financial hub in the region and has a diverse economy beyond oil.


What problems did the Romans undergo after the Punic Wars?

Reestablishing their economy and settling their society after such prolonged disruption. They were also embroiled in enntanglements in the Eastern Mediterranean arising from the wars.