Question

Mention the three linkages of open economy

Answer 1

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Answer 2

Explanation:

In an open economy, people are free to exercise trade withing and outside the nation They can sele the good and services outside the nation without many boundation. Nations like the US, Singapore, Switzerland, Australia and any European Union nations have an open economy. Since this exchange of good and services is allowed at a lower cost in Open economy, it gives more leverage to the people to make their business flourish.