Venezuela's principal engine of the economy is the hydrocarbons extraction
Which make it a mono-productor country, and also is the country with the highest amounts of oil reserve worldwide, you would think that its a developed country if it has such a great value for the international community, well...no.
The government hasn't been able to administrate the incomes and outcomes in an effective way, there are vast of conspiracy theories out there but that's no the point.
The economic formula of Venezuela is 3,1,2 meaning that the commerce is bigger than what its produced, so they don't process the hydrocarbons but sell it to other countries making them unable to produce their own products so all the products un the country are exported, ITS NON-SENSE for the country with the biggest reverse of oil in the world.
This problem can be eradicated by:
✓The government changing the formula to 1.2.3
(extraction-industries process the material-commerce) or 3.2.1
✓Making a plan for the sustainable development of the country and invest in the PETRO
✓Having investors in the agriculture sector, it would vast the people in hunger in Venezuela
✓Venezuela has reserves of minerals such as halita, carbon, bauxita, Cu, Mn, and the most acclaimed the "death mineral" or "black ore"
The one needed for electronic devices like iPads, iPhones, Androids, and other mobile devices because of it conductivity, only discovered in Venezuela 3 years ago and it hasn't been investigated yet.
This picture was taken by me, carbon, one of the most abundant minerals in the country
