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Answer : 1. "Closed economy"
What is such an economy called which does not have any connection with the rest of the world?
5Q:
What is such an economy called which does not have any connection with the rest of the world?
- 1Closed economytrue
- 2Free Economyfalse
- 3Mixed economyfalse
- 4Socialistfalse
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Answer : 1. "Closed economy"
Explanation :
When a country claims to be self reliant, it is said to be closed economy. In closed economy, country produces every thing within the country what their citizens need. It neither imports nor exports, that means it does not trade with any other nation.