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Closed economy |
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Closed economyAn economy that does not permit economic transactions with the outside world; a country in autarky.Similar MatchesBlack economyBlack economyThe Chancellor of the Exchequer's least favourite part of the economy - also known as the cash economy. Small open economySmall open economyAn 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 protectionPolitical economy of protectionThe 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 diseconomyExternal diseconomyNegative externality. New EconomyNew EconomyThis 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 SuggestionsPolitical economyOpen 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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