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A classic example of a closed economy is North Korea, which heavily restricts trade and economic interactions with other countries. The government controls most aspects of economic activity, limiting imports and exports to maintain self-sufficiency. This isolationist approach aims to bolster domestic production and minimize foreign influence.
What else can I help you with?
What you mean by open economy and closed economy?
By open economy it means that economy in which private people are allowed to participate in making economic decisions while,by closed economy it means the economy in which the government is the one planning for the whole society
Is open end economy better than closed economy?
no
What country has the most closed economy?
CHINA!
Examples of socialist economy?
An example of a socialist economy is one in which the government has control over products being produced. China is one example of a socialist economy. Some other examples are Finland, Canada, Sweden, Norway, and the Netherlands.
Which is a system in which one leader controls the government the economy and the people?
This is a Dictatorship, a form of totalitarian rule.
What you mean by open economy and closed economy?
By open economy it means that economy in which private people are allowed to participate in making economic decisions while,by closed economy it means the economy in which the government is the one planning for the whole society
What is a closed economy?
An economy that does not import or export goods
What is an example of one step directions?
closed the door
Is the US a closed economy?
No
Is open end economy better than closed economy?
no
Give you an example of a closed end question?
A closed-ended question is one where the answer is not open to interpretation. An example of a closed-ended question would be, "What is the year of the sinking of the Titanic, 1912 or 1913?"
Definition of a closed figure?
A closed figures is one that has one consistent line making up the figure. There are no openings in the like. Example: a spiral.
What country has the most closed economy?
CHINA!
What are the assumptions of multiplier theory of keynes?
closed economy
What is trditional econimes?
A traditional economy is an economy based on the people's traditions. For example, if my dad was a blacksmith, I would be one too.
Is example and open syllable or closed syllable?
Closed
Is example an open syllable or closed syllable?
Closed
