English version

closed economy in Economics topic

From Longman Dictionary of Contemporary Englishclosed economyˌclosed eˈconomy noun [countable usually singular]  a country that does not trade with any other countries
Examples from the Corpus
closed economyStage 1 will tend to be more powerful than in a closed economy.In a closed economy, it follows that by definition, Investment is seen as an activity of firms.Consider a simple closed economy with no government.