English version

closed economy

From Longman Dictionary of Contemporary English
Related topics: Economics
closed 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.
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