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Explain the roles of Government in a closed economy​

User TGW
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Answer:

Mainatiance, distribution, tax collection and stabilization role.

Step-by-step explanation:

  • A closed economy is an economy closed to investments and has no trading activities. The economy is self-sufficient and has no imports or exports to international trade.
  • Things are found within the country's borders. A closed economy has closed borders to trading and finance.
  • Various households and businesses play several roles in the closed economy as those tax collectors, distributors, and re-distributors and maintenance function of all economic activities.
User Camden
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