Economy, asked by jahnavi7474, 11 months ago

what is a closed system ??​

Answers

Answered by RagaviRagavendra
4

Heya❤❤

CLOSED SYSTEM::

☆A closed economy is one that has no trade activity with outside economies.

☆A closed economy is self-sufficient, which means no imports come into the country and no exports leave the country.

☆The purpose of aclosed economy is to provide domestic consumers with everything they need from within the country's borders.

hope it helps yu

✌✌✌

Answered by zacknight47
16

Explanation:

A closed system is a physical system that does not allow transfer of matter in or out of the system, though, in different contexts, such as physics, chemistry or engineering, the transfer of energy is or is not allowed

Similar questions