Closed economy


 

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Closed economy

An economy that does not permit economic transactions with the outside world; a country in autarky.



Similar Matches

Black economy

Black economy

The Chancellor of the Exchequer's least favourite part of the economy - also known as the cash economy.


Small open economy

Small open economy

An economy that is small enough compared to the world markets in which it participates that (as a good approximation) its policies do not alter world prices or incomes. The country is thus a price taker in world markets. The term is normally applied to a country as a whole, although it is sometimes used in the context of only a single product.


Political economy of protection

Political economy of protection

The study of reasons, especially political ones, that countries choose to use protection. Includes models of voting, lobbying, and campaign contributions as these lead policy makers to erect tariffs.


External diseconomy

External diseconomy

Negative externality.


New Economy

New Economy

This term was used in the late 1990's to suggest that globalization and/or innovations in information technology had changed the way that the world economy works. Conjectures included changes in productivity, the inflation-unemployment tradeoff, the business cycle, and the valuation of enterprises.


Further Suggestions

Political economy
Open economy
Command economy
Goldilocks economy
Open-economy multiplier
Mature economy
Integrated World Economy
Bubble economy
Newly Industrializing Economy
External economy
Pure exchange economy
Market economy
Barter economy
Ministry of Economy, Trade and Industry
Radical political economy
Tiger economy
Goldilocks economy
Mixed economy
old economy stocks
Non-market economy
Emerging economy


 
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