What Is One Example Of A Closed Economy Quizlettimeline Friends2

Basic concepts learn with flashcards, games, and more — for free. Weba closed economy is an economy that does not interact with other economies in the world. Webwhat is one example of a closed economy?

Used in economic models to analyze. Webstudy with quizlet and memorise flashcards containing terms like the 3 elements in the closed economy model, consumption, investment and others. Weba closed economy is an economic system that does not interact with other economies around the world. North korea is often cited as an example of a closed economy due to its strict control over imports and exports.