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What is one example of a closed economy​

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Answer: An example of a closed economy would be North Korea

Explanation: A closed economy is a self-sustained economy with no trading or business relations with any other economy outside it. A closed economy has little exposure to the outside world.

A closed economy can almost always be described as a command economy

Often, the more closed an economy is, the poorer the country.

User Bill Sempf
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4 votes

Answer:

a restricted system that blocks trade with international partners.

Step-by-step explanation:

User Juan Ferreras
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