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The strength of the economy is largely based on the wide participation of various players and the structure of goods and services.
The structure of the Venezuelan economy is based on two concepts. First, it is a mixed economy with extensive public and private participation. Second, it is divided into two main components: the oil economy, oriented towards exporting, and the internal economy, where most of the country?¦s goods and services are produced and consumed. Non-oil economic activity will be concentrated in agriculture and industry, which are the two sectors most seriously affected by import competition (Venezuelan Embassy, n...
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