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An economy in which there are no flows of labour, goods or money to and from other nations is a/an
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- slow economy
- mixed economy
- closed economy
- open economy
- slow economy
Correct Option: C
An economy that does not interact with the economy of any other country is known as closed economy. A closed economy is self-sufficient, meaning no imports are brought in and no exports are sent out. It is the opposite of an open economy, in which a country conducts trade with outside regions.
