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Venezuela has the world’s largest known oil reserves and as you guys know oil is a base of every economic activity and oil is called black gold which means it is a very profitable business with higher returns. So if the oil is having colossal demand, then how can a country with vast reserves fail so badly? As inflation rose, the Venezuelan government made some decisions which backfired and escalated the problem rather than countering it. Now in Venezuela, there is not only a single problem which is hurting the economy, but there are also several issues in the economy of Venezuela. I will try to address most of them in this book.
Onkar Jadhav is a modern economist. He has published many research papers internationally as well as nationally. He is an active researcher in different sectors of economics.