However, English, is the de facto country’s second language as business and commerce inclined individuals see the benefits of English. Venezuela has gone from the largest oil exporter in the world, which allowed it to greatly advance and set itself apart from other economies of South American nations, to one of the largest. However, Venezuela still holds the large amount of obtainable oil in the world. Today Venezuela’s economy and government is based upon and largely depend on Oil revenues to maintain the economy and the governmental expenditures. Venezuela has attempted to make strides in diversifying its economy by growing support and continued diversification of its industry, larger agricultural outputs, and greater exploitation of its natural resources. Inflation has been crippling the Venezuelan economy and has led to recession in 2014. Although Venezuela possesses a lot of power in the international community as a result of its oil production, the Venezuelan economy is severely affected by the world market's demand and price. Venezuela has been named the country with the most miserable economy in the World. Although Venezuela does not follow a form of official class structure, it does however, hold a defined class structure that is not without
However, English, is the de facto country’s second language as business and commerce inclined individuals see the benefits of English. Venezuela has gone from the largest oil exporter in the world, which allowed it to greatly advance and set itself apart from other economies of South American nations, to one of the largest. However, Venezuela still holds the large amount of obtainable oil in the world. Today Venezuela’s economy and government is based upon and largely depend on Oil revenues to maintain the economy and the governmental expenditures. Venezuela has attempted to make strides in diversifying its economy by growing support and continued diversification of its industry, larger agricultural outputs, and greater exploitation of its natural resources. Inflation has been crippling the Venezuelan economy and has led to recession in 2014. Although Venezuela possesses a lot of power in the international community as a result of its oil production, the Venezuelan economy is severely affected by the world market's demand and price. Venezuela has been named the country with the most miserable economy in the World. Although Venezuela does not follow a form of official class structure, it does however, hold a defined class structure that is not without