Venezuela's most valuable resource is oil.
venezuela's economy relys heavenly on oil
Venezuela has a more communist than capital economy.
With Venezuela dropping the prices of oil, it can make their economy low and it is hurting people in Venezuela even though sometimes they have to pay less.
Market Economy.
what valuable natural resource is found in Saudi Arabia, Iran, Mexico, and Venezuela?
a one-resource economy is an economy that relies on one thing
a one-resource economy is an economy that relies on one thing
Oil is important to Venezuela, because it is most of Venezuela's economy.
Venezuela's economy is highly dependent on oil exports. The recent fall in oil prices has damaged the economy there. prices can fluctuate so there is always a chance that their economy will improve if and when oil prices rise.
oil
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....