Final answer:
An open system allows the exchange of matter and energy, a closed system allows only the exchange of energy, and an isolated system doesn't allow any exchange with the surroundings.
Step-by-step explanation:
An open system is one in which both matter and energy can be exchanged with the surroundings. An example of an open system is a pot of boiling water on a stove, where both heat energy and water vapor can escape or enter the system.
A closed system is one in which only energy can be exchanged with the surroundings but not matter. An example of a closed system is a water bottle where water can't enter or escape, but heat energy can be lost or gained.
An isolated system is one in which neither matter nor energy can be exchanged with the surroundings. The universe is considered an isolated system as no matter or energy can be gained or lost from outside.
Learn more about Examples of open, closed, and isolated systems in physics