What is one example of a closed economy?

a barter system that does not rely on money or other currency
a restricted system that blocks trade with international partners
a trade-based system that encourages the flow of goods and services
an old-fashioned system that preserves traditional choices and customs

restricted system that blocks trade with international partners.

A closed economy can be defined as self-sufficient economies which completely restricts imports and exports in the country. Closed economies believe in producing domestic consumers where everything can be provided inside the country's borders.

This type of economy can be also regarded as isolationist or an autarky.

However, maintaining a closed economy is very difficult in present scenario because every country needs the raw materials from different parts of the world. This could only possible through the involvement in the trading activities with other countries.

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both the house and senate must approve the conference report.   after it is approved by both on an identical from, it will be sent to the president.   if the president approves it, it will become law.