An economy that has no interaction with the rest of the world is called

Question

Quizplus · Accepted Answer

A closed economy is one that does not engage in significant economic interaction with other countries. It means that all economic activity within the country is self-contained, and there is little or no trade with other countries. In a closed economy, all goods and services consumed in the country are produced within the country, and all goods and services produced within the country are consumed within the country.

An Economy That Has No Interaction with the Rest of the World