open economies

What Is Difference Between Open And Closed Economy?

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What Is Difference Between Open And Closed Economy? In an open economy, a country’s spending in any given year need not to equal its output of goods and services. … A closed economy is self-sufficient, meaning that no imports are brought in and no exports are sent out. The goal is to provide consumers with

What Is One Example Of A Closed Economy Brainly?

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What Is One Example Of A Closed Economy Brainly? Real World Example of a Closed Economy Brazil can be closely associated with a closed economy because they import a reduced amount of goods. And, it is the world’s most closed economy. What is an example of a closed economy Brainly? Answer Expert Verified Brazil is