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Closed Economy

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PPGPortal > Home > Concept Dictionary > B, C > Closed Economy
 

Closed Economy 

An economy that does not interact with other economies in the world.

(Mankiw, N. Gregory, Ronald Kneebone, Kenneth J. McKenzie and Nicholas Rowe. 2008. Principles of Macroeconomics, 4th Canadian ed. Toronto: Thomson Nelson.)

 

     

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