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19 January, 13:29

In which type of market would you find it the most difficult to buy goods from another country?

pure market economy

closed economy

traditional economy

mixed market economy

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Answers (2)
  1. 19 January, 15:18
    0
    The correct answer is closed economy. A closed economy is a system in which a country has no trade activities with outside economics.
  2. 19 January, 17:29
    0
    There are 2 possible answers for this question. They are,

    *closed economy

    *traditional economy

    But if you really need one answer, then it should be the Traditional Economy.

    Explanation:

    Closed economies are modern economies that does not allow an influx of foreign goods into the economy. These economies are closely related with the Marxism and communism. However, if the government wishes, they can do certain ammendments to this closed policy.

    Traditional economies however, are mostly subsistence economies. They only produce what they need and there is no clear excess to export. In addition, the decisions are based on cultural values, traditions and norms.

    Furthermore, it (traditional economy) can be defined by the trading and bartering.
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