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- They use to rely on coffee, cacao or crops, but petroleum changed their economy in the 1920s.
Leann Raynor
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What is Venezuela's most valuable resource?
Venezuela's most valuable resource is oil.
What type of economy does Venezuela?
Venezuela has a more communist than capital economy.
What does Venezuela's economy rely on heavenly?
venezuela's economy relys heavenly on oil
How has Venezuelas changed since the oil boom?
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.
What kind economy does Venezuela?
Market Economy.
What valuable natural resource is found in Saudi ArabiaIranMexico and Venezuela?
what valuable natural resource is found in Saudi Arabia, Iran, Mexico, and Venezuela?
What is a one-resource economy?
a one-resource economy is an economy that relies on one thing
What is one resource economy?
a one-resource economy is an economy that relies on one thing
Why does Venezuela have so much oil?
Oil is important to Venezuela, because it is most of Venezuela's economy.
What is the most important resource of Venezuela?
oil
What are Venezuela's main economic activities?
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.
What Venezuela economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
