Economics · Indian Economy
What is meant by a 'Closed Economy'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An economy where only exports take place
- 2An economy in which neither exports nor imports take place✓
- 3An economy facing a severe deficit budget
- 4An economy controlled entirely by the public sector
Correct answer
An economy in which neither exports nor imports take place
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