Economy, asked by NISHARV7794, 1 year ago

What is the role of a public sector in a closed economy

Answers

Answered by Vaibhavverma73
0

Hey mate!

I am here with your answer!

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. A closed economy's intent is to provide domestic consumers with everything they need from within the country's borders.

Hope this will help you!

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