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Stella [2.4K]
3 years ago
5

What is one example of a closed economy​

Geography
1 answer:
vfiekz [6]3 years ago
3 0

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.

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