Two hallmarks characterize capitalist economies. On those two counts, Venezuela is retrogressing. In Venezuela, the most important part of the economy is PDVSA, the oil giant. On top of the reduced PDVSA capital stock and its declining quality, capital consumption has reduced its ability to produce.
Two hallmarks characterize capitalist economies. On those two counts, Venezuela is retrogressing. In Venezuela, the most important part of the economy is PDVSA, the oil giant. On top of the reduced PDVSA capital stock and its declining quality, capital consumption has reduced its ability to produce.
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