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Small open economy |
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Small 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.Similar MatchesNewly Industrializing EconomyNewly Industrializing EconomyNewly Industrializing Country Closed economyClosed economyAn economy that does not permit economic transactions with the outside world; a country in autarky. Mature economyMature economyThe economy of a nation with a stable population and slowing economic growth. Non-market economyNon-market economyA country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy. Market economyMarket economyA country in which most economic decisions are left up to individual consumers and firms interacting through markets. Contrasts with central planning and non-market economy. Further SuggestionsRadical political economyOpen-economy multiplier Bubble economy Mixed economy black economy old economy stocks Integrated World Economy Pure exchange economy Open economy Ministry of Economy, Trade and Industry Emerging economy Political economy External diseconomy Political economy of protection External economy Goldilocks economy Barter economy Command economy New Economy Tiger economy Goldilocks economy |
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