Advertisements
Advertisements
Question
What is meant by an open economy?
Very Short Answer
Advertisements
Solution
An open economy is one that engages in economic interactions with other countries. It participates in both exporting and importing goods and services.
shaalaa.com
Is there an error in this question or solution?
Chapter 17: Aggregate Demand and Supply - Determinants of Equilibrium - TEST QUESTIONS [Page 17.11]
