Question

A country that does not trade with other countries is called:

Answer 1

Answer:

The Correct Answer would be Closed Economy. A country that does not trade with other countries is called Closed Economy.

Explanation:

• A Closed Economy is defined as an economy that doesn't support import or export from the outside world.

• It means that a Closed Economy doesn't offer international trading between various economies of it's own kind.

• It is entirely self-dependent as well as self-sufficient.

• It is termed as Closed Economy as it is Closed in terms of trading across it's boundaries.