If a country does not engage in trade with other countries,it is known as

Name: If a country does not engage in trade with other countries,it is known as
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A closed economy is one that does not engage in trade with other countries, meaning it does not import or export goods and services. Open economy refers to a country that has trade relations with other countries, and a trade deficit economy refers to a country that imports more than it exports.

If a Country Does Not Engage in Trade with Other