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

Newly Industrializing Economy

Newly Industrializing Economy

Newly Industrializing Country


Mixed economy

Mixed economy

An economy in which some production is done by the private sector and some by the state, in state-owned enterprises.


Bubble economy

Bubble economy

Term for an economy in which the presence of one or more bubbles in its asset markets is a dominant feature of its performance. Japan was said to be a bubble economy in the late 1980s.


Open economy

Open economy

An economy that permits transactions with the outside world, at least including trade of some goods. Contrasts with closed economy.


Open-economy multiplier

Open-economy multiplier

The simple Keynesian multiplier for a small open economy. Equals 1/(s+m), where s is the marginal propensity to save and m is the marginal propensity to import.


Further Suggestions

Command economy
old economy stocks
External diseconomy
Pure exchange economy
Goldilocks economy
Political economy
New Economy
Goldilocks economy
Mature economy
Radical political economy
Emerging economy
Ministry of Economy, Trade and Industry
Small open economy
Integrated World Economy
Political economy of protection
black economy
Market economy
Barter economy
Non-market economy
Tiger economy
External economy


 
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