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Understanding Venezuela's Economic Challenges in 2026
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Understanding Venezuela's Economic Challenges in 2026
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Applied microeconomics: The major mandate of a business person is supposed to be lowering the search and information cost associated with purchases. In an economic slowdown, people cut unnecessary consumption, and your prices being too high might lead them to decide not to consume what you produce, sell or serve. So work on increasing productivity, efficiency and reducing costs ethically, by innovating, using technology and reducing wastage in raw materials or business processes, and pass on the
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