An economy that does not interact with the economy of any other country. A closed economy prohibits imports and exports, and prohibits any other country from participating in their stock market. There have been many examples of closed economies throughout history, but very few closed economies exist today. also called autarky.
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- Closed Economy Definition | Investopedia
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 everything that ...
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Definition of closed economy: An economy that does not interact with the economy of any other country. A closed economy prohibits imports and exports, and ...
- Autarky - Wikipedia, the free encyclopedia
Autarky is the quality of being self-sufficient. Usually the term is applied to political states or their economic systems. The latter are called closed economies.
- Open economy - Wikipedia, the free encyclopedia
This contrasts with a closed economy in which international trade and finance ... In a closed economy, all output is sold domestically, and expenditure is divided ...
- What is a Closed Economy?
A closed economy is one in which all consumer needs are met with goods and services that are produced internally. In a closed...
- Closed economy - The Free Dictionary
au·tar·ky or au·tar·chy (ô tär k ). n. pl. au·tar·kies or au·tar·chies. 1. A policy of national self-sufficiency and nonreliance on imports or economic aid. 2.
- Closed economy - Financial Dictionary - The Free Dictionary
(redirected from Closed economy). Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, 0.01 sec. Autarky. Absence of a cross-border trade in models of ...
- Closed Economy - benefits
A closed economy is a self-contained economic unit that has no business or trading relations with anyone outside of that unit. Usually referring to a nation or ...