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What type of economy does Venezuela?

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Anonymous

∙ 8y ago
Updated: 9/19/2021

Venezuela has a more communist than capital economy.

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Laury Hermann ∙

Lvl 10
∙ 4y ago
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What type of an economic system is Venezuela?

Venezuela has a more communist than capital economy.


What does Venezuela's economy rely on heavenly?

venezuela's economy relys heavenly on oil


What kind economy does Venezuela?

Market Economy.


Why does Venezuela have so much oil?

Oil is important to Venezuela, because it is most of Venezuela's economy.


What Venezuela economy?

Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....


What is Venezuela's economy?

Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....


What does venezuelas economy rely on?

Venezuela's economy relys heavenly on oil


How is oil important to Venezuela econonmy?

Venezuela's oil-based economy illustrates the affects of overspecialization. When oil prices are high, its economy is strong. When oil prices drop, its economy weakens.


What is the focus of venezuela's economy?

oil produce


Does Venezuela have a traditional command free market or mixed economy?

it has a free economy


Which statement best describes Venezuela's economy?

primary


What does Venezuela's economy depend on?

oil drilling and cattle ranching

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